Tag: IRS

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FinCEN Receives More Than 1,500 Crypto-Related Complaints Every Month

Brian Evans - Aug 14, 2018

The US Financial Crimes Enforcement Network receives over 1,500 suspicious activity reports (SARs) related to cryptocurrencies, the agency’s director has revealed. The majority of them come from…

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FinCEN Director: Agency Receives 1,500 Suspicious Activity Reports on Crypto per Month

Brian Evans - Aug 11, 2018

The director of the U.S. Financial Crimes Enforcement Network (FinCEN) says that the agency has seen a surge in filings of crypto-related Suspicious Activity Reports

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Equity Trust Launches Digital Asset Platform For Cryptocurrency IRA Investors

Brian Evans - Aug 04, 2018

Platform Offers Quick Order Settlement, Integrated Storage, Low Fees – Plus, Investors Could Reap Tax Advantages CLEVELAND, OH — August 4, 2018 — Equity Trust Company announced…

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IRS Joins the J5, Should We Prepare to the International Enforcement? Expert Take

Brian Evans - Jul 13, 2018

What is “The Joint Chiefs of Global Tax Enforcement” and how it could affect the crypto legislation around the world

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IRS Continues to Crack Down on Cryptocurrency Holders Who Shun Taxes

Brian Evans - Jul 11, 2018

The IRS is keeping close tabs on cryptocurrency users across the United States. A brand-new compliance campaign has been launched to ensure everyone files their taxes properly…

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What Is the J5 Initiative?

Brian Evans - Jul 05, 2018

Cryptocurrency users have a few interesting habits when it comes to dealing with taxes. This has caused the IRS to launch official investigations involving cryptocurrency exchanges. Additionally,…

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International Task Force Notes Use of Cryptocurrencies in Financial Crime

Brian Evans - Jul 04, 2018

Tax authorities from five different nations are coming together to combat international financial crimes, with a focus on cryptocurrencies.

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Five Nations Launch Tax Enforcement Alliance to Tackle Crypto, Cybercrime ‘Threat’

Brian Evans - Jul 03, 2018

The U.S. IRS launches transnational taskforce together with tax enforcement agencies from four other countries to tackle crypto-enabled crimes

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US, UK Lead 5-Nation Alliance to Combat Cryptocurrency Tax Crimes

Brian Evans - Jul 03, 2018

The tax authorities of the United States and the United Kingdom have signed on to lead an international alliance designed to combat transnational financial crimes, including those…

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What Are Cryptocurrency Trusts?

Brian Evans - Jun 20, 2018

The topic of cryptocurrencies and taxes has been kicked around a fair few times. It seems cryptocurrency trusts offer a legal method of avoiding taxes. They are not…