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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 →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 →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 →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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