IRS

The Internal Revenue Service is the revenue service of the United States federal government. The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States.

Source: irs.gov

IRS Cultivating Ties With Crypto Companies to Combat Fraud 

IRS Cultivating Ties With Crypto Companies to Combat Fraud 
IRS Cultivating Ties With Crypto Companies to Combat Fraud 
January 03, 2023  |  Cryptocurrency

The Internal Revenue Service (IRS) is reinforcing its efforts to combat fraud in the cryptocurrency sector. Get the Full Story Complete the form to unlock...

READ MORE >
IRS Punts on 1099-K Wage Threshold
IRS Punts on 1099-K Wage Threshold
December 23, 2022  |  Taxes

The Internal Revenue Service (IRS) has delayed implementing a lower threshold for the 1099-K form.  Get the Full Story Complete the form to unlock this article and...

READ MORE >
IRS Says US Unemployment Comp Hit $405B During Pandemic
IRS Says US Unemployment Comp Hit $405B During Pandemic
November 20, 2022  |  Economy

Unemployment compensation in the U.S. jumped by 1,794% between 2019 and 2020 as Americans were hit by a wave of layoffs during the COVID-19 pandemic....

READ MORE >
Zelle Says Its Service ‘Not Subject’ to IRS Reporting
Zelle Says Its Service ‘Not Subject’ to IRS Reporting
November 07, 2022  |  Taxes

Gig workers and small business owners are reportedly using the payment service Zelle to avoid declaring taxable earnings to the IRS.  Get the Full Story...

READ MORE >
FDIC Chair: Stablecoins Could Bring Bank Consolidation, Disintermediation
FDIC Chair: Stablecoins Could Bring Bank Consolidation, Disintermediation
October 20, 2022  |  Cryptocurrency

Stablecoins have the potential to “fundamentally alter the landscape of banking,” the head of the Federal Deposit Insurance Corporation said in a speech on Thursday...

READ MORE >
Report: IRS ‘Steps Up’ Work to Find Crypto Tax Evaders
Report: IRS ‘Steps Up’ Work to Find Crypto Tax Evaders
September 26, 2022  |  Cryptocurrency

The Internal Revenue Service (IRS) has reportedly “stepped up” its pursuit of taxpayers who haven’t reported and paid taxes on cryptocurrency transactions by getting a...

READ MORE >
Report: ‘Human Coding Error’ Caused IRS Posting of Confidential Data 
Report: ‘Human Coding Error’ Caused IRS Posting of Confidential Data 
September 02, 2022  |  Safety and Security

Names, contact information and some financial information of about 120,000 people was reportedly posted in error by the Internal Revenue Service (IRS) on its website....

READ MORE >
Why a Senate Bill’s $50 Tax Exemption Won’t Boost Crypto Spending
Why a Senate Bill’s $50 Tax Exemption Won’t Boost Crypto Spending
July 26, 2022  |  Cryptocurrency

A pair of U.S. senators have introduced a bipartisan bill to exempt low-value cryptocurrency transactions from capital gains tax reporting requirements. Get the Full Story...

READ MORE >
Americans Earning More Interest on Late Tax Refunds
Americans Earning More Interest on Late Tax Refunds
May 09, 2022  |  Taxes

The Internal Revenue Service is set to pay billions in interest to tax filers as it struggles to process tax refunds. Get the Full Story...

READ MORE >