Tax Law Blog

An early crypto influencer recently resolved a federal investigation into mail fraud and tax evasion, paying roughly the same amount he was accused of avoiding.

Like dollars, crypto that has been illegally sourced must be cleansed of its tarnish. How does that happen?

Despite relentless volatility, bitcoin and other cyber-currencies are having a moment as the new administration rolls back regulatory efforts and pushes for a national digital asset stockpile.

On the 2024 Internal Revenue Service Criminal Investigation (IRS-CI) Top Ten federal tax crime list, numbers four and three represent legacy tax frauds—long-running scams that earned operators a lot of money—and lengthy prison sentences.

In the fourth case in our countdown of the IRS:CI 2023 Top Ten Tax Crimes, a longtime crusader for the use of Bitcoin to replace currency is going to prison and paying back (in cash) the $3.5 million he swindled.

Criminal intent takes many forms on the internet. Our #7 entry on the IRS:CI top ten crimes prosecuted in 2023 is a defendant who made his living on the Silk Road.

As digital assets wax and wane in value, it is a good idea to understand what information is due to the Internal Revenue Service (IRS) this time of year.

Bitcoin owners rang in the New Year with enthusiasm as the value of their digital currency surged beyond $1,000 after the ball dropped. Two years ago, the price sat at $200. The sharp increase has more than just Bitcoin owners salivating, however....