November 22, 2022
A couple who lost their bid to clarify whether generating cryptocurrency tokens through so-called staking creates taxable income plan to appeal to the Sixth Circuit, according to a notice they filed in a Tennessee federal court.
October 04, 2022
A couple can't proceed with a suit to recoup taxes they paid on cryptocurrency because the IRS already refunded them, a Tennessee federal court ruled, declining to take up their greater legal challenge over the tax treatment of the asset.
March 22, 2022
A Nashville-based cryptocurrency investor's argument that his legal fight with the IRS regarding the taxability of tokens he "staked" wasn't rendered moot once the agency provided him a refund is meritless, the government told a Tennessee federal court.
March 15, 2022
A cryptocurrency investor deserves to have a court decide whether tokens he acquired through a process dubbed "staking" constitute taxable income despite the IRS' attempt to render the case moot by furnishing a refund, he told a Tennessee federal court.
March 01, 2022
Because the IRS furnished a Tennessee cryptocurrency trader with a refund for his "staking" activities, he shouldn't be allowed to continue his case seeking a ruling regarding the taxability of such activities, the U.S. government told a federal court.
February 03, 2022
A Tennessee cryptocurrency investor decided to seek a ruling rather than accept an IRS refund in a dispute over whether tokens acquired by a process known as "staking" results in immediately taxable income, according to court documents filed Thursday.
May 26, 2021
Mining cryptocurrency is not a taxable transaction because it is the creation of property, much like a baker making a cake, a Tennessee couple told a federal court Tuesday in seeking a refund from the Internal Revenue Service.