A Pennsylvania NFT trader faces up to six years in prison after pleading guilty to federal tax fraud charges for failing to …
IRS
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The United States Congress recently voted to repeal the Internal Revenue Service’s (IRS) controversial decentralized finance (DeFi) broker rule, a big win …
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Donald Trump signed a bill on Thursday reversing the expansion of the IRS’s definition of a broker to include decentralized exchanges (DEXs). …
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Markets
President Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi
by shayaanby shayaanWith a signature from President Donald Trump, the decentralized financial (DeFi) corner of the crypto sector is now freed from U.S. Internal …
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Regulation
IRS Introduces Form 1099-DA for Reporting Tokenized Stocks and Bonds
by shayaanby shayaanIRS will introduce Form 1099-DA for tokenized stocks and bonds starting in 2025. Brokers can use either Form 1099-B or 1099-DA during …
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Regulation
Congress moves to overturn IRS broker rule targeting DeFi platforms, potential Trump signing on March 28
by shayaanby shayaanThe US Senate is preparing to hold a final vote on March 27 to nullify the Internal Revenue Service’s (IRS) broker reporting …
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Regulation
‘IRS agents, the N.Y Times, and 60 Minutes illegally conspired to destroy my bank’ over crypto – Peter Schiff
by shayaanby shayaanSchiff Gold LLC founder Peter Schiff believes the three entities illegally pushed for the closure of his bank after he refused to …
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This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. House representatives voted yesterday to overturn the IRS’s …
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A majority of lawmakers in the U.S. House of Representatives voted to overturn an IRS rule treating crypto entities as brokers and …
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Scams
Trump Plans to ‘Rescind and Amend’ IRS Crypto Tax Rules, Sign Stablecoin Bill By August
by shayaanby shayaanPresident Donald Trump’s administration on Friday detailed how the U.S. plans to assert its leadership in the crypto space during a first-ever …