Tag Archives: IRS
The IRS won’t ask you to report ‘Fortnite’ V-Bucks on tax returns
Don't worry, you won't have to factor in-game currency into your taxes... at least, not yet. The IRS has removed a guideline (cached here) from October that treated Fortnite's V-Bucks, Roblox's Robux and other in-game currencies with real monetary va...
Tax prep companies can’t hide their free filing software from Google anymore
This week, the Internal Revenue Service (IRS) announced changes that will hopefully make it less stressful for a lot of Americans to file their taxes in 2020. In an addendum to the almost 20-year-old Free File agreement, the agency has put new protec...
IRS reminds 10,000 taxpayers that cryptocurrency is subject to taxes
By the end of August, an estimated 10,000 taxpayers will receive letters from the IRS warning them that they may owe back taxes on unreported cryptocurrency earnings. While it might not be immediately obvious, you must include cryptocurrency earnings...
IRS’ direct online payment system goes down on tax day
We hope you weren't relying too heavily on internet payments to file your taxes on time. The Internal Revenue Service's Direct Pay system failed (and is still unavailable as we write this) on April 17th -- you know, the last day before the tax filin...
Coinbase must share users’ cryptocurrency data with the IRS
Coinbase will be forced to share the financial information of 14,355 users with the Internal Revenue Service (IRS), following a California federal court ruling. The move follows a year-long battle between the cryptocurrency company and the IRS, which...
Federal employees stole data from Homeland Security
Three employees of the inspector general's office for the Department of Homeland Security (DHS) are accused of stealing a computer system that contained around 246,000 employees' personal data. That information included names, social security numbers...
Judge rules NYPD needed a warrant before using cell-site simulator
A Brooklyn judge has ruled that because the New York Police Department (NYPD) used a cell-site simulator, also known by the brand name Stingray, to track down a murder suspect without a warrant, some evidence against the suspect will be thrown out. A...
IRS freezes its fraud prevention contract with Equifax
The IRS got a lot of flak from both ordinary citizens and lawmakers when it awarded Equifax a fraud prevention contract earlier this month. After all, they forged their partnership after the credit reporting agency revealed that it recently suffered...
IRS hands fraud prevention contract to Equifax despite massive hack
You'd think that government agencies would be reticent to work with Equifax given that it just exposed the private info of more than 145 million people through a preventable hack, but a massive data breach apparently isn't enough of a deterrent. The...