IRS To Add 87,000 New Agents, More Crypto Tax Enforcement

It’s no secret that the IRS is after crypto tax dollars and after fans of crypto who don’t report or who don’t do it correctly. The Inflation Reduction Act, which passed the Senate on Sunday, raises taxes and will give the IRS billions to go into what the Wall Street Journal called “beast mode.” In … Read more

Cryptocurrency Should Be Taxed As Investments, Not Money

Physical imitation of Bitcoins (Photo by Ozan KOSE/AFP) (Photo by OZAN KOSE/AFP via Getty Images) AFP via Getty Images Senators Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) have proposed exempting cryptocurrency transactions of $50 or less from capital gains taxes. While it seems like a modest tax change, it could have profound effects on how … Read more