Urgent Relief for DeFi? US House Committee Moves to Repeal Controversial IRS Tax Rule
The world of decentralized finance (DeFi) just witnessed a potentially game-changing development! In a move celebrated by the crypto industry, the U.S. House.
IRS
Blockchain Association Urges Congress to Repeal IRS’s Controversial DeFi Tax Rule
Hold onto your hats, crypto enthusiasts! A major showdown is brewing in the world of decentralized finance (DeFi) and US regulations. The Blockchain.
U.S. IRS Declares Cryptocurrency Staking Income as Taxable
U.S. IRS Declares Cryptocurrency Staking Income as Taxable The U.S. Internal Revenue Service (IRS) has officially clarified that income earned through cryptocurrency staking.
Elon Musk Declares: IRS to Be Audited by D.O.G.E.
Elon Musk Proposes Bold Move: IRS to Be Audited by D.O.G.E. Elon Musk, the ever-provocative tech billionaire and visionary, has stirred the pot.
Crypto News
E&Y Launches Tax Calculator to Simplify Crypto Tax Reporting
Ernst & Young LLP has unveiled a Tax Calculator solution to tackle a surge in tax audits that have targeted individuals trading cryptocurrency.
Crypto News
IRS Simplifies Cryptocurrency Reporting Requirements for U.S. Taxpayers
The U.S. tax department IRS elucidated that American investors who purchased crypto through fiat are not required to report their purchase activities.
Crypto News
IRS Clarifies Virtual Currency Question on 2020 Form 1040
On October 23, 2020, the Internal Revenue Service (IRS) released draft instructions for the 2020 Form 1040, spotlighting its virtual currency question on.