Internal Revenue Service

Security researcher warns of chilling effect after feds search phone at airport

A U.S. security researcher is warning of a chilling effect after he was detained on arrival at a U.S. airport, his phone was searched and he was ordered to testify to a grand jury, only to have prosec

Stripe’s new and lower internal valuation, explained

As one of the most richly valued startups in history, is Stripe's internal valuation cut as bearish as the big numbers might lead some to believe?

WTF is a 409A?

In the past few months, both Stripe and Instacart have seen their internal valuations updated in a 409A appraisal process. What is this all about, and why should startups consider a lower valuation?

As Coinbase falters, Binance.US is waiting in the wings

As the largest publicly traded crypto exchange in the United States, Coinbase has become something of a household name. But as the going gets tough in the crypto markets, the company seems to be fumbl

Microsoft reverses its reversal on blocking Office macros by default

Microsoft said it is still planning to block Visual Basic Applications (VBA) macros by default in Office apps after quietly rolling back the planned change last month. VBA Macros are lines of code tha

Late-stage tech companies must do right by their employees: Reassess your 409A valuations

Though it may seem counterintuitive, a lowered valuation could reap benefits for your employees and your company’s recruitment efforts.

If you must conduct layoffs, don’t be a jerk

Since our last column, another smattering of tech startups has laid off employees. We get it. Layoffs happen. But as we conduct yet another week of analysis into a depressing time in tech, we’re thi

FBI seizes notorious marketplace for selling millions of stolen SSNs

U.S. law enforcement have announced the takedown of SSNDOB, a notorious marketplace used for trading the personal information — including Social Security numbers, or SSNs — of millions of American

The IRS’s crypto tax partner, ZenLedger, raises $15 million Series B

Government tends to struggle when it comes to keeping up with tech innovation. The past U.S. tax season that just wrapped up in April was particularly stressful for investors and the Internal Revenue

Daily Crunch: European startup studio eFounders unveils its next-generation CRM tool

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

5 crypto tax tools that could save your ass on Tax Day

A lack of formal guidance from U.S. regulators requires taxpayers to interpret how existing laws intended to regulate traditional assets might apply to crypto.

Daily Crunch: African mobility fintech Moove raises $105M in Series A2

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

IRS FUD: What you need to know about crypto taxes

The cost of failing to report — or incorrect reporting of — proceeds from crypto-related activities could be extremely high if the IRS gets you in its crosshairs.

The IRS won’t make you verify your identity with facial recognition after all

The IRS announced plans Monday to back away from a third-party facial recognition system that collects biometric data from U.S. taxpayers who want to log in to the agency’s online portal. The IR

Whistleblowers can protect crypto and DeFi

By taking the concerns of whistleblowers seriously, crypto companies can head off the inevitable barrage of enforcement actions they are soon to face and save themselves time, money and heartache.

Column Tax announces $5.1M seed round to launch mobile tax-prep products

Mobile income tax software Column Tax announced today that it raised $5.1 million in seed funding and is launching its first commercial product, which will provide users with early access to their tax

Congress must clarify how the infrastructure bill will impact cryptocurrency

The crypto tax element of the $1 trillion U.S. infrastructure bill is not clearly written, and the government risks squashing a burgeoning part of the economy.

Lively is building the modern health savings account that puts consumers first

The company expects to top $1 billion in assets under management in early 2022.

Zeal banks $13M to offer employers a ‘build your own’ payroll product infrastructure

Enterprises use Zeal to pay large volumes of workers and keep payment data on their own native systems.

Crypto community slams ‘disastrous’ new amendment to Biden’s big infrastructure bill

Biden’s major bipartisan infrastructure plan struck a rare chord of cooperation between Republicans and Democrats, but changes it proposes to cryptocurrency regulation are tripping up the bill. The
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