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cryptocurrency

January 3, 2022

How Does the IRS Track Bitcoin and Other Cryptocurrencies?

Can the IRS Track Bitcoin and Other Cryptocurrencies? A new proposal from the Financial Crimes Enforcement Network (FinCEN) on December 18th, 2020, would make it much […]
February 19, 2020

IRS Virtual Currency Examinations and Criminal Tax Prosecutions Likely to Skyrocket: Taxpayers Urged to Come into Compliance Now

Cryptocurrency (in this article, referred to as virtual currency and cryptocurrency, interchangeably), is one of the hottest topics in IRS civil and criminal tax enforcement. The […]
January 10, 2020

Targeting Cybercrime and the Dark Web, IRS Takes Aim at Bitcoin Users

Crimes like money laundering and tax evasion are nothing new. What is new are certain technologies, like virtual currency, that can enable criminal tax offenders. For […]
December 21, 2019

IRS Criminal Investigation Division (IRS-CI) Expanding to Target Crypto Users

The IRS Criminal Investigation Division (IRS-CI), which celebrated its hundredth anniversary this year, recently published the 2019 edition of its annual report on tax crimes, as […]
August 16, 2019

Did You Engage in Unreported Cryptocurrency Transactions? Expect a Letter from the IRS

If you follow our tax blog, you may have seen our recent article discussing whether cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), are reportable for […]
August 31, 2018

IRS Announces International Cryptocurrency Taskforce Fighting Bitcoin Tax Evasion

Whether you’re a member of the professional tax community, an avid Bitcoin miner, or simply someone who enjoys following business and finance news, you’ve likely noticed […]