IRS

The IRS has released final regulations on reporting requirements focused on sales, exchanges, transfers, and payment processing involving digital assets.Getty Earlier this summer, the U.S. Department of the Treasury and the IRS released…

Crypto taxes continue to evolve and become more complicated Getty Images Following over 44,000 comments to the IRS on the proposed rules around 1099 reporting for crypto exchanges that have now been (partially) codified into…

What You Need To KnowThe IRS announced that it will now require brokers to file 1099 forms starting on January 1st, 2025. Notably, this does not include DeFi operations and non-hosted wallet providers.Moreover, reporting is also limited…

While industry advocates have welcomed the finalized crypto tax measures after years of wrangling, messy deliberations about non-custodial providers still lie ahead. It’s been a long time consuming, but the Internal Revenue Service and…

While people who own and sell cryptocurrency have always had to pay taxes on their earnings, a new rule finalized by the US Treasury Department can ensure that they're paying the proper amount on their sales. The new rule will require…

Custodial brokers of digital assets will be required to report crypto transactions to the IRS.The new rules will be implemented in 2026, reporting on the previous year.Decentralised or non-custodial brokers will be covered by different…

The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28.Crypto brokers, including exchanges, will need to report gross proceeds for crypto sales starting from 2026.…

Topline The Treasury Department will require most crypto brokers to disclose the proceeds of users’ transactions to the Internal Revenue Service starting in two years, the agency said Friday, a reporting requirement introduced to curb…

Blockchain development firm Consensys sent a letter to the U.S. Internal Revenue Service requesting the delay of the proposed tax regulation requiring brokers and exchanges to report certain sales of cryptocurrencies.“We must echo our…

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