The IRS is coming after crypto profits: CNBC After Hours



CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, Eamon Javers breaks down a recent court decision allowing the IRS to access the identities of taxpayers who use cryptocurrencies. Plus, Robert Frank explains what he calls the “triple tax threat” to real estate investors under President Biden’s policy proposals.

Timecodes:

00:00 — CNBC After Hours: May 6, 2021
0:33 — Dow posts record close
1:34 — The IRS comes after cryptocurrency gains
4:21 — CNBC Soundcheck
6:02 — Triple tax threat
9:38 — Numbers Round

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40 thoughts on “The IRS is coming after crypto profits: CNBC After Hours”

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  2. Abolish the IRS and the fed. These entities along with our politicians have screwed the people for too long. Citizens are still paying these politicians even when they themselves are out of a job because of political policies. This is getting absurdly irrational.

  3. Us. Dollar-
    Banks Power usage
    Wall Streets Power Usage
    Printing of it and storage
    Transportation of Paper Money
    How many wars have been fought over the US Dollar or any Nationalized central Currency?
    Class warfare , discrimination and Slavery with Centralized Currency?

    Cryptocurrencies –
    How many wars have been fought over Cryptocurrencies ?

    If we get the Government and Energy Company's and Wall Street away from Fossil Fuels and to convert to reliable and efficient Energy Like Nuclear , Geo-Thermal, and Natural gas?
    This conversation is really Pointless. And really One-sided. Sounds like an attempt by the media to propagate Corporate America as the hero and Cryptocurrencies as the bad guys , unethical and criminals. Corporations (from any Nation) are the biggest , Bloodiest and most unethical form of capitalism. Petro-Dollars? Should I Say more?

  4. I appreciate the endeavors you put in your recordings mate, advanced monetary standards keep on reshaping the world internationally, it's hard for anybody conflicting with them nowadays, however from a merchant's point of view I feel we truly need more specialists in the field refreshing beginners on how the local area functions. digital currencies are step by step moving towards something important and the value flood in the course of recent months is only the start of more noteworthy what might be on the horizon. Large investors need to understand the content of investing completely differently than small investors do . But my question is how does these average investor/newbies understand the Market price ? Doing technical analysis can be quite different which is why most newbies/traders neglect day trading their coins and stick to holding which is very dangerous as when the market goes bearish, My advise any newbies/traders to buy the dip for traders who are still wondering to enter the market or old time traders who are holders to seek help from not just any trader but an established trading expert with at least 96% trade accuracy . I underwent series of trading loses I'd best not talk about before I was introduced to trading analyst Prof Ryan Jackson. My contact with him has been the Pinnacle of this year for me, under his careful guide and his signal service I've been able to recover my losses and even grow my trading portfolio massively from 1.6 B TC to 8.5 B TC in just 5 weeks. I will advice traders esp newbies and old holder who are looking for a way to make huge profit in crypto sphere to have orientation of trading before they involve in it. Prof Ryan makes you learn daily while you make profit with his signals. Prof Ryan can be contacted via Ryanjackson5501@gmailcom ** and telgram: Ryantrading5501 * for inquiries ….

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  6. I HAVE BEEN MAKING LOSSES TRADING MYSELF…I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

  7. The only credible law of increase is investment because money not invested has no future. Buy and invest in Bitcoin now, this is the right time to invest in crypto.

  8. Certainly won't be a millionaire at the end of the this recent fluctuation, but however I had 55k invested 6 months ago in bitcoin I'm sitting at 482k now with 50% in eth and 20% in the other alts. The so I'm ver happy and thankful to you to Mrs Annabelle Templar who made this possible by helping me trade maybe the next time I'll have enough to become a millionaire.

  9. Anyone surprised it's starting with California? They just looking to steal more money because they have zero knowledge on how to manage their own finances.

  10. Hahaha! Good luck, hard to tax what you can't see. I dont care who u are or what you do, you cannot tax my crypto lololol just not possible. Govt has plenty of revenue streams. Never paid tax on crypto, not gonna start now.

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