Browsing Tag
IRS
33 posts
IRS to Require Third-Party Reporting on Crypto Transactions Starting in 2025 (Report)
Starting in 2025, cryptocurrency transactions on centralized exchanges (CEX) will fall under new IRS reporting requirements, marking a…
Decentralized platforms may benefit from strict US crypto tax laws
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders.
Congressman proposes IRS elimination
On Jan. 9, 2025, congressman Earl Carter proposed a bill replacing the US tax code with a national…
IRS Issues New Notice That Eases Burden for CeFi Crypto Investors
The United States Internal Revenue Service (IRS) has introduced a temporary relief measure to address potential tax challenges…
IRS targets DeFi: Blockchain groups challenge new broker reporting rule
The Blockchain Association, DeFi Education Fund, and Texas Blockchain Council jointly filed the legal challenge in the U.S.…
DeFi proponents to fight US IRS tax code
The U.S. Internal Revenue Service said DeFi brokers should comply with long-standing securities rules, disagreeing with industry sentiment…
IRS lightens crypto reporting requirements in latest tax form draft
The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto…
IRS unveils new crypto tax rules: Are they a good thing?
While industry advocates have welcomed the finalized crypto tax measures after years of wrangling, messy deliberations about non-custodial…
Hackers threatening to release sensitive data: should you be concerned? | Opinion
Hackers slipped back into their old habits and once again began targeting large, data-rich organizations with lots of…
FTX agrees settlement in $24b IRS tax case
FTX agreed to pay the Internal Revenue Service $885 million to settle a $24 billion tax claim the…