The White House is currently reviewing a proposal from the Internal Revenue Service (IRS), known as the "Broker Digital Transaction Reporting" proposal, which would align the US with the global Crypto-Asset Reporting Framework (CARF).
Read MoreThe White House is currently reviewing a proposal from the Internal Revenue Service (IRS), known as the "Broker Digital Transaction Reporting" proposal, which would align the US with the global Crypto-Asset Reporting Framework (CARF).
Read MoreThe Internal Revenue Service (IRS) has announced a new mandatory reporting system for digital asset transactions, set to take effect in 2025.
Read MoreThe Internal Revenue Service (IRS) has issued a temporary relief measure to address potential tax complications for cryptocurrency holders using centralized finance (CeFi) brokers in 2025.
Read MoreJosh Jarrett, a Tezos blockchain staker, and his partner Jessica have filed a second lawsuit against the Internal Revenue Service (IRS) challenging the agency's treatment of cryptocurrency block rewards as income.
Read MoreThe U.S. Internal Revenue Service (IRS) has introduced a new draft of Form 1099-DA, aiming to streamline the reporting process for digital asset transactions. This revision marks a significant shift from earlier drafts, addressing privacy concerns and simplifying tax compliance for investors in the growing digital asset market.
Read MoreOn August 8, the Internal Revenue Service (IRS) unveiled a revised draft of Form 1099-DA, aimed at streamlining the process for reporting digital asset transactions. The updated form, tentatively titled “Digital Asset Proceeds From Broker Transactions,” is set to come into effect for transactions starting in tax year 2025, with reports due by April 2026.
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