Tag: IRS

Over the past two months, an increasing number of U.S. crypto investors have been receiving tax letters from the Internal Revenue Service

Donald Trump is expected to sign a resolution that will strike down a regulation requiring DeFi protocols to report transactions to the IRS.

The U.S. House has voted decisively to repeal a controversial IRS rule that would have forced DeFi platforms to disclose transaction details.

The decision effectively nullifies a regulatory framework that would have mandated DeFi protocols to report crypto transactions to IRS.

IRS has announced temporary relief on a controversial rule affecting crypto investors on centralized exchanges (CeFi).

IRS is under fire for its finalized regulations requiring DeFi exchanges to adhere to the same reporting standards as traditional brokers.

IRS has rolled out final regulations requiring brokers, including DeFi platforms, to report digital asset transactions.

The United States IRS has maintained its position that cryptocurrency staking rewards are taxable income upon receipt.

The IRS has updated the tax draft form, aimed at simplifying the reporting of crypto transactions for the U.S. taxpayers.

As per the new IRS guidelines, decentralized exchanges (DEXs) and self-custody wallets would be excluded from the new reporting requirements.

In April, the IRS released an early version of Form 1099-DA, which is part of the tax reporting rules proposed last August.

Guy Ficco, the chief of criminal investigation at the IRS, confirmed that the agency is going more aggressive on crypto tax evasion.

The tension escalated after ZachXBT declined to assist holders of the Complex (SIMPLE) memecoin, minted on the Base blockchain.

FTX Lawyers say the US Internal Revenue Service (IRS) is holding up the payout to creditors over its bogus $24 billion tax bill

The IRS provided guidance regarding how revenue derived from staking digital assets would need to be taxed.

Kraken will have to provide the IRS with basic information as well as blockchain addresses and transaction hashes of certain customers.