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The US Department of Treasury and the Internal Revenue Service (IRS) announced the final tax reporting requirements for crypto brokers...
IRS
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As per the new IRS guidelines, decentralized exchanges (DEXs) and self-custody wallets would be excluded from the new reporting requirements....
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The Internal Revenue Service did not include decentralized exchanges or self-custodial wallets under its broker reporting requirements.Source: CoinTelegraph
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The US Department of the Treasury and the Internal Revenue Service (IRS) have released new tax guidelines for cryptocurrency brokers,...
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The IRS has now set up its reporting system for crypto brokers, but it set aside related rules for DeFi...
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The Washington DC-based blockchain advocacy group argued the IRS' broker rule provisions violate the Paperwork Reduction Act.Source: CoinTelegraph
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The Digital Chamber has submitted its feedback on the Internal Revenues Service (IRS) draft 1099-DA released on April 18. The...
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The Blockchain Association submitted a comment letter under the Paperwork Reduction Act (PRA) in response to the proposed broker rule...
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In April, the IRS released an early version of Form 1099-DA, which is part of the tax reporting rules proposed...
