When crypto first gained prominence more than 15 years ago, one of the big selling points of the currency was its lack of ties to any specific government. Unlike fiat currency, cryptocurrency offered ...

(NewsNation) — Cryptocurrency trading might feel like the Wild West for much of the year, but come tax season, several IRS rules still apply. The IRS treats cryptocurrencies like bitcoin as property, ...

The Biden administration wants to get tougher on tax cheats — and cryptocurrency is an area of interest. Virtual currencies like bitcoin and ethereum, which are collectively valued around $2 trillion, ...

We are officially entering the ‘crypto tax enforcement era’, but the new rules, written by people who don’t understand crypto, could have some big repercussions for the industry as a whole.

Crypto ATMs worldwide are returning to 2022 levels as some operators add ID requirements, Bitcoin meanwhile tested the $70,000 mark in February.

Taxpayers must report transactions that result in income, gains or losses during the tax year, according to tax experts.

Professionals have a major piece of advice for those who traded cryptocurrency for the first time last year: Take your tax prep seriously. The IRS has been zooming in on cryptocurrency reporting with ...

The new 1099-DA form will track crypto trades like stock sales. Crypto traders need to report their cost basis for each separate exchange or wallet. These rules could make cryptocurrencies more ...

Don't assume the IRS doesn't know about your cryptocurrency transactions simply because you didn't swap your digital coins for cash. The No. 1 mistake crypto traders tend to make is assuming that the ...

Senator Cynthia Lummis (R-WY) has introduced a sweeping digital asset tax reform bill aimed at modernizing how cryptocurrencies are taxed in the United States, renewing her efforts to ease regulatory ...