Coinspeaker
IRS Files Claim against FTX & Affiliates, Seeks $44B in Unpaid Taxes
The US Department of Treasury and Internal Revenue Service (IRS) has filed a $44 billion claim against FTX and its subsidiaries. In the documents, dated April 27th and 28th, the IRS alleged that the embattled crypto exchange and its affiliated entities owe the revenue service $44 billion. The Washington, DC-based federal revenue service agency said the unpaid claims were due to FTX failing to report several transactions properly.
The single most significant IRS claim against FTX involved unpaid partnership and income taxes of $20.4 billion against Alameda Research. In addition, the federal tax collector also included separate $7.9 billion and $9.5 billion claims against the FTX sister firm. The IRS filed the claims under “administrative priority”, which enabled its assertion to take priority over unsecured creditors during bankruptcy proceedings.
Besides FTX and Alameda, other entities mentioned
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