A bipartisan coalition of 18 U.S. House representatives is calling on the IRS to overhaul how cryptocurrency staking rewards are taxed, arguing that the current framework stifles innovation and unfairly burdens investors.
Read MoreA bipartisan coalition of 18 U.S. House representatives is calling on the IRS to overhaul how cryptocurrency staking rewards are taxed, arguing that the current framework stifles innovation and unfairly burdens investors.
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 MoreThe IRS has introduced a new rule that will significantly impact the decentralized finance (DeFi) landscape.
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 IRS has recently introduced new regulations aimed at streamlining the income tax return process for cryptocurrency investors. These updates, set to take effect in the fiscal year 2025, promise to enhance clarity and reduce the administrative burden associated with reporting digital asset transactions.
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