This latest round of IRS warning letters comes at a time of intense discussion over crypto tax policy in Washington. While the IRS is moving toward greater enforcement, Senate Republicans are ...

The notices tell crypto owners that the IRS has information that the recipients have “one or more accounts containing virtual currency.” In two versions of the letter, the tax agency merely ...

DOGE officials have access to IDRS. There are at least 15 ongoing federal lawsuits challenging DOGE’s access to sensitive data at the IRS and across many other agencies. Courtney Bowman, global ...

But for anyone who buys and sells digital assets like bitcoin, it is worth knowing that 2025 will mark the first tax year that your crypto transactions will be subject to third-party reporting ...

The Tax Law Center at New York University Law has recommended repealing or amending the qualified small business stock provisions of the tax code—known as section 1202—to prohibit this gifting of ...

Letters affecting about 20 million taxpayers will be redesigned for the current 2024 tax season. Werfel said the goal is to cover 90% of all notices sent to taxpayers by next year's filing season.

The IRS Final Notice of Intent to Levy is a critical notification that taxpayers should not ignore. This formal notice is the last step before the IRS can legally seize assets to satisfy a tax debt.