Crypto Investors Decentralized platforms may benefit from strict US crypto tax lawsBy CryptooTimesJanuary 16, 2025 The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders.
DeFi Congressman proposes IRS eliminationBy CryptooTimesJanuary 14, 2025 On Jan. 9, 2025, congressman Earl Carter proposed a bill replacing the US tax code with a national consumption tax…
decentralized finance DeFi has 3 options if IRS rule isn't rolled back — Alex ThornBy CryptooTimesDecember 28, 2024 The United States Treasury Department and the Internal Revenue Service (IRS) received more than 44,000 comments after proposing the rule.
Blockchain Association Blockchain Association sues IRS over crypto broker rulesBy CryptooTimesDecember 28, 2024 The lawsuit alleges that the IRS’ latest rulemaking exceeds the agencies’ statutory authority and violates the Administrative Procedure Act.
DeFi IRS issues rules on digital asset reporting, says front-ends are brokersBy CryptooTimesDecember 28, 2024 The final regulation treats DeFi front-ends as brokers, demanding the disclosure of gross proceeds from sales of digital assets.
Crypto Tax DeFi proponents to fight US IRS tax codeBy CryptooTimesDecember 28, 2024 The U.S. Internal Revenue Service said DeFi brokers should comply with long-standing securities rules, disagreeing with industry sentiment arguing for…
DeFi Crypto industry calls on Congress to block new DeFi broker rulesBy CryptooTimesDecember 28, 2024 The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls…
IRS IRS doubles down on crypto staking taxes — ReportBy CryptooTimesDecember 23, 2024 The US tax agency denied arguments from a second lawsuit brought by Joshua and Jessica Jarrett over staking rewards.
cryptocurrency IRS lightens crypto reporting requirements for tax filingsBy CryptooTimesAugust 11, 2024 The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto brokers and…
IRS IRS Shares New Crypto Tax Form, Invites Industry InputBy CryptooTimesAugust 9, 2024 The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors…
