IRS-Tax Gap Estimates

IRS cracking down on tax evasion in cryptocurrency industry

The IRS investigated nearly 400 cases involving virtual currency. It’s trying to find taxpayers who leave digital assets off their tax returns.

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Derace Lauderdale/Federal News NetworkOSINT

Congress wants spy agencies to hire more experts in financial intelligence, emerging technology

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FILE - In this Feb. 9, 2021 file photo, the Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker's Choice store in Salem, N.H.  What does Bitcoin have to do with roads and bridges?  The $1 trillion infrastructure bill the Senate has approved includes a plan to help pay for it by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’ sales to the IRS.   (AP Photo/Charles Krupa, File)

After delays, federal crypto guidance is progressing. Agencies should prepare for changes now

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Digital Currency, cryptocurrency, Bitcoin

New crypto regulations are coming. Here are the technology steps to get ready

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FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, Thursday, Feb. 17, 2022. Bitcoin prices have surged in recent days, Wednesday, March 2,  as investors once again appear to view the volatile cryptocurrency as safe haven for their money in the midst of rising geopolitical tensions. (AP Photo/Kin Cheung, File)

How an interagency team took down terror networks exploiting the pandemic

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This innovator tilted at the bureaucratic windmill, and had the same results as Don Quixote

The U.S. financial system and the way it’s regulated, are fast moving to obsolescence. And the government is unwilling and unable to adopt the technologies…

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The Old Post Office Pavilion Clock Tower, which remains open during the partial government shutdown, is seen above the Trump International Hotel, Friday, Jan. 4, 2019 in Washington. (AP Photo/Alex Brandon)

House Dems think GSA should break lease with Trump Org. after accounting flaws revealed

In today’s Federal Newscast, top Democrats on the House Oversight and Reform Committee are calling on the General Services Administration to terminate…

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In this Feb. 7, 2018, photo, a neon sign hanging in the window of Healthy Harvest Indoor Gardening in Hillsboro, Ore., shows that the business accepts bitcoin as payment. Purchases with bitcoin and other digital currencies remain rare relative to cash and credit cards. (AP Photo/Gillian Flaccus)

GSA sells over $1 million in cryptocurrency

GSA has redesigned its auctions, which act as a clearinghouse for the government’s surplus assets and equipment, to include cryptocurrency.

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