Crypto tax platform, Awaken Tax, polled 1,000 crypto holders about a radical shift from self-disclosure to automatic reporting of transactions. www.coindesk.com
IRS
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Millions of Americans are counting on their tax refund to pay off bills, book a trip, or pad their savings, but this …
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Regulation
IRS secures first crypto tax fraud conviction, setting legal precedent
by shayaanby shayaanFor the first time, the IRS has successfully prosecuted a case of tax fraud solely involving crypto. The U.S. Internal Revenue Service …
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Regulation
US Congressman Buddy Carter introduces Fair Tax Act to abolish the IRS and replace US tax code
by shayaanby shayaanRep. Earl “Buddy” Carter has proposed eliminating the Internal Revenue Service (IRS) and replacing the current US tax code with a national …
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Regulation
IRS Postpones Implementation of New Tax Rules for Crypto Asset Holders Interacting With Centralized Exchanges
by shayaanby shayaanThe Internal Revenue Service (IRS) is suspending the implementation of new tax rules that will affect investors who hold crypto assets in …
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Finance
Elon Musk brings crypto tax attention to the IRS – D.O.G.E onto crypto affairs?
by shayaanby shayaanElon Musk, the billionaire entrepreneur and owner of social media platform X, recently posted a tongue-in-cheek message addressing the US Internal Revenue …
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Regulation
IRS Issues Crypto Relief – Here’s How to Avoid Higher Taxes in 2025
by shayaanby shayaanThe IRS will allow crypto holders on centralized exchanges to bypass strict tax regulations in 2025, preserving flexibility in reporting and tracking …
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Regulation
IRS grants temporary relief on crypto tax reporting rules amid legal challenges
by shayaanby shayaanThe Internal Revenue Service (IRS) issued temporary relief on crypto cost-basis reporting rules, potentially averting increased tax liabilities for digital asset investors. …
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Regulation
Blockchain Association Files Suit To Challenge IRS and Treasury Department’s DeFi Broker ‘Midnight’ Rulemaking
by shayaanby shayaanA prominent nonprofit crypto advocacy group is filing a lawsuit to dispute new reporting rules for decentralized finance (DeFi) brokers. In a …
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Regulation
Blockchain Association Files Lawsuit Against IRS Over New DeFi Regulations
by shayaanby shayaanRecently, the U.S. Internal Revenue Service (IRS) has announced new regulations that classify certain decentralized finance (DeFi) protocols as brokers. This move …