US lawmakers are preparing a Congressional Review Act (CRA) that will challenge the Internal Revenue Service’s (IRS) broker rules, which require DeFi …
IRS
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Regulation
House Panel Strikes Down IRS Crypto Rule—DeFi Just Scored a Major Win
by shayaanby shayaanA House committee has moved to repeal the IRS’ controversial “DeFi Broker Rule,” arguing it would stifle innovation, overwhelm the agency with …
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The Internal Revenue Service (IRS) will fire 15,000 employees next week, right in the middle of tax season, according to a report …
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A high-ranking official from the Department of Government Efficiency (DOGE) reportedly arrived at the Internal Revenue Service (IRS) on Thursday noon, to …
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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. …