The U.S. Internal Revenue Service announced Wednesday that it will postpone new tax reporting requirements for cryptocurrencies until the start of …
Latest in IRS
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U.S. Regulation
US IRS Finalizes Controversial Tax Rule Requiring ‘DeFi Brokers’ to Collect User Trading Information
by Terron Goldby Terron GoldThe U.S. Internal Revenue Service has finalized rules requiring certain brokers in decentralized finance to report on gross proceeds in …
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U.S. Regulation
US Treasury and IRS Finalize Crypto Broker Tax Reporting Rules
by Terron Goldby Terron GoldThe US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28. Crypto …
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U.S. Regulation
Rep. Matt Gaetz Introduces Bill Requiring The IRS to Accept Bitcoin as Payment For Federal Income Taxes
by Terron Goldby Terron GoldFlorida Republican Matt Gaetz introduced a bill on Tuesday that would allow people to use bitcoin to pay their federal …
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U.S. Regulation
New IRS Draft Tax Form For Crypto Defines Unhosted Wallets as Brokers
by Terron Goldby Terron GoldThe IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets …
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U.S. Regulation
The IRS Adds Cryptocurrency Income Tax Question to Four More Tax Forms
by Terron Goldby Terron GoldThe IRS on Jan. 22 reminded all taxpayers to answer a question about digital assets and report all digital asset-related …
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Lifestyle
‘Bitcoin Rodney,’ Alleged HyperVerse Crypto Scheme Promoter, arrested on IRS Charges of Fraud
by Terron Goldby Terron GoldThe dream of making a quick and easy fortune in cryptocurrency took yet another hit with the arrest of Rodney …
