Bankster Crime

Exposing Fraud in the Banking System

IRS

IRS Classifies Crypto Staking Rewards As Taxable Income Upon Receipt

BanksterCrime: The Internal Revenue Service (IRS) has recently issued a ruling stating that United States cryptocurrency investors who receive rewards from staking services are required to include the value of those rewards in their gross income. On July 31, 2023,…

Court Orders Kraken to Turn Over History Transaction and Account Information to IRS,the IRS First Filed a Court Petition in February

By Nikhilesh De (CoinDesk archives) A federal court ordered crypto exchange Kraken to turn over account and transaction information to the IRS, which said it needed that information to see if any of the exchange’s users had underreported their taxes….