Tax Law Blog

Crypto continues to attract investors, generate headlines, and garner attention from the U.S. Treasury. As a result, the Internal Revenue Service (IRS) is reminding taxpayers about reporting “digital assets” on 2022 federal tax returns.

Crypto has had a tough go of it lately. Smaller investors have lost life savings while larger investors nervously sit tight. Behind the up-and-down headlines, the Internal Revenue Service (IRS) is quietly pursuing Operation Hidden Treasure.

Combine cyber currency and tax fraud and what do you have? The answer is number six on the IRS countdown of the top ten criminal tax investigations of 2021.

The Internal Revenue Service (IRS) has many departments, one of them being the Criminal Investigation (CI) unit. This department serves the U.S. by investigating criminal financial crimes such as tax fraud, money laundering, identity theft scams,...

Cryptocurrency continues to gain ground and is not going away. New legislation would close profitable loopholes for crypto users, and the IRS is signaling measures that impact transactions involving some cryptocurrencies.