IRS
The two-pronged Eleventh Hour IRS squeeze on Bitcoin and crypto developers
The IRS is cracking down on noncustodial services with two new rules finalized between the years. Call it the 2024 Christmas Crypto Regulatory Shock. In a manner of days, the Internal Revenue Service has provided clarity on two separate regulations that will have an intimidating impact on anyone who uses what the government deems digital assets. Both of…
Open Source Arrests: US Officials Sour on Biden’s War on Privacy
Biden is waging war on financial privacy, and not everyone is happy. The last several weeks have weighed heavily on those in Bitcoin who use privacy tools and software. Between the ceremonious arrests across two continents, Justice Department press releases, FBI warnings, and souring mood in Washington, many popular services for both sovereign and private…
What Has Government Done to Our Tips?
Desperate IRS on Mission to Squeeze Tip-Income Jobs By Yaël Ossowski | PanAm Post Waiting tables is hard work, but it’s especially hard when Uncle Sam is on your back. On January 1, the Internal Revenue Service of the United States began taxing automatic gratuities intended for employees in service jobs. This rule change mandates payroll withholding for the tips that…