Tax Law Blog

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 we count down the top ten IRS:CI scams of 2023, crypto fans will be interested in #8, a defendant who manipulated blockchain tech to earn millions—and a prison term.

If you own digital assets, or you are just interested, it is a good idea to understand how the Internal Revenue Service (IRS) looks at this type of property.

The claims of investors in the FTX bankruptcy remain uncertain pending the resolution of a $24 billion claim by the Internal Revenue Service (IRS).

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.