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'Big Beautiful Bill' Set to Eliminate the IRS's Free Online Tax Filing Program
The proposed legislation aims to discontinue the IRS’s complimentary digital tax submission service, potentially impacting the cost and accessibility of tax filing for many taxpaye...
Read Full Article →Supreme Court confirms IRS right to access customer data from crypto exchanges without warrant
The Supreme Court’s decision enables the IRS to obtain information from digital asset platforms more easily, potentially increasing tax compliance and impacting how cryptocurrency...
Read Full Article →Trump Admin Beats Coinbase, Privacy Advocates in Supreme Court IRS Showdown
The Supreme Court's decision not to review the case maintains current regulations requiring cryptocurrency platforms to share customer information, which could impact financial tra...
Read Full Article →US Supreme Court will not review IRS case involving Coinbase user data
The decision to uphold the previous court's ruling allows the IRS continued access to cryptocurrency transaction information, potentially influencing tax enforcement and compliance...
Read Full Article →Court rules IRS can collect Coinbase user data without warrants
The decision allows the IRS to access cryptocurrency transaction records from third parties without obtaining warrants, potentially impacting taxpayer privacy and influencing gover...
Read Full Article →Supreme Court Declines to Take Up Coinbase User Data Privacy Case
The decision means that Coinbase may be required to continue providing user information to the IRS, potentially affecting future regulatory compliance and financial reporting oblig...
Read Full Article →US Supreme Court decides not to review privacy case over IRS request for Coinbase user data
The Supreme Court’s refusal to hear the case means IRS requests for access to cryptocurrency user information will proceed without new legal interpretations, potentially impacting...
Read Full Article →IRS crypto letters spike over 750% as enforcement wave looms, CoinLedger Warns: report
The sharp rise in IRS communications to cryptocurrency holders suggests increased regulatory scrutiny, potentially leading to greater tax compliance requirements and financial impl...
Read Full Article →Why are thousands of crypto investors getting IRS warning letters — and should you worry?
Recent increases in IRS notifications to cryptocurrency holders highlight growing regulatory attention, potentially impacting investment strategies and tax obligations within the d...
Read Full Article →IRS warning letters to crypto investors are on the rise: what do they really mean?
The increase in IRS warning letters to cryptocurrency investors suggests a heightened focus on tax compliance, potentially leading to more audits, penalties, or demands for additio...
Read Full Article →The 2026 Tax Season Could See Significant Delays After DOGE Cuts, Warns IRS Watchdog
The IRS watchdog has indicated that reductions related to DOGE may lead to longer processing times during the 2026 tax filing period, potentially impacting taxpayers and overall fi...
Read Full Article →Fewer Agents, Fewer Audits: How IRS Staff Cuts Are Changing Enforcement
Decreases in IRS personnel have led to more audits ending without adjustments, which may contribute to a growing disparity between owed taxes and actual payments.
Read Full Article →IRS: Avoid ‘falling behind’ by making second-quarter estimated tax payment by June 16
Making the required second-quarter estimated tax payment by June 16 helps taxpayers prevent potential penalties and maintain compliance with federal tax regulations.
Read Full Article →Senate confirms Billy Long as next IRS Commissioner. What taxpayers might expect amid agency cutback...
The appointment of Billy Long as IRS Commissioner may influence how the agency manages resources and processes taxpayer obligations during upcoming financial adjustments and budget...
Read Full Article →Can't Afford Your Tax Debt? You May Be Able To Make A Compromise With The IRS
Individuals struggling to pay their outstanding tax balances might have options to negotiate a settlement with the tax authorities, potentially reducing the total amount owed to ma...
Read Full Article →Legal Tax Defense Announces Year-Round Services for Taxpayers Who Owe More Than $10,000 to the IRS o...
Legal Tax Defense provides ongoing assistance to individuals and businesses managing significant outstanding federal or state tax liabilities, potentially helping to reduce financi...
Read Full Article →US government urges court to reject Coinbase user’s crypto records fight
The US government contends that denying the IRS access to James Harper’s cryptocurrency records could hinder tax enforcement efforts and impact government revenue collection.
Read Full Article →What Do Trump's Pardons for Rich Tax Evaders Mean for IRS Enforcement?
Recent presidential pardons granted to affluent individuals facing tax-related charges have sparked debate over potential impacts on the IRS's ability to enforce tax laws effective...
Read Full Article →Elderly crypto investors are getting scammed: Teach them these key safety tips
Seniors often face financial losses in cryptocurrency scams due to targeted exploitation of their retirement savings, limited technology experience, and the irreversible nature of...
Read Full Article →Crypto industry urges SEC to clarify staking stance
Clarification on regulatory treatment of cryptocurrency staking could significantly impact investment opportunities and compliance costs for blockchain service providers and digita...
Read Full Article →How to handle crypto trading gains and losses on your balance sheet
Accurately reflecting cryptocurrency transactions on financial statements is important for compliance, tax optimization, and providing a clear picture of an entity’s financial posi...
Read Full Article →Trump’s IRS pick may have a DOGE problem on his hands
Billy Long’s appointment to the IRS highlights potential financial challenges related to cryptocurrency oversight, as improving service and data security becomes crucial amid conce...
Read Full Article →Trump's IRS pick Billy Long says agency 'should not be politicized,' defends ties to dubious tax bre...
Billy Long, nominated to lead the IRS, emphasized the importance of impartial tax enforcement while addressing concerns about his connections to controversial tax incentives during...
Read Full Article →Welcome home, snowbirds – but don’t forget your U.S. tax filings
Seasonal visitors spending extended periods in warmer states could be classified as residents by tax authorities, potentially affecting their financial obligations and requiring ca...
Read Full Article →IRS loses nearly 1 in 3 tax auditors in DOGE cuts, watchdog report finds
The reduction in IRS personnel has significantly impacted audit capacity, potentially affecting revenue collection and enforcement efforts due to fewer available tax examiners, as...
Read Full Article →BTC retreats, Nvidia considering BTC treasury, SOL fixes zero-day
Major developments including shifts in digital asset prices, corporate interest in cryptocurrency reserves, and security improvements highlight evolving market dynamics with potent...
Read Full Article →IRS appoints Trish Turner to head crypto division amid resignations
The appointment of a seasoned IRS official to lead the digital assets unit amid staff turnover highlights ongoing challenges in cryptocurrency tax enforcement and potential impacts...
Read Full Article →Trish Turner takes over IRS crypto unit as two former leaders depart: Bloomberg Tax
The appointment of a new head to the IRS division managing cryptocurrency taxation and compliance may influence regulatory strategies and impact financial reporting requirements fo...
Read Full Article →Gold ETF investors may be surprised by their tax bill on profits
Investors in gold ETFs should be aware that profits may incur a higher capital gains tax rate of 28%, as the IRS classifies gold and related funds as collectibles.
Read Full Article →Coinbase files brief with US Supreme Court in support of taxpayers' privacy
The amicus brief filed by Coinbase with the US Supreme Court underscores the potential implications for taxpayer privacy rights, particularly concerning the IRS's ability to access...
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