Browsing Tag
IRS
37 posts
White House supported the cancelation of a notorious Broker DeFi Rule adopted in December of 2024
On Mar. 4, the U.S. Senate released the Congressional Review Act to rescind a Biden-era regulation commonly known…
U.S. senate to vote on overturning IRS crypto rule
The United States Senate will vote this week on a resolution seeking to overturn the Internal Revenue Service’s…
US lawmakers move to overturn controversial IRS defi broker rule
A controversial tax rule proposed by the U.S. Internal Revenue Service, requiring decentralized finance brokers to report crypto…
IRS secures first crypto tax fraud conviction, setting legal precedent
For the first time, the IRS has successfully prosecuted a case of tax fraud solely involving crypto. The…
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…
