Express

IRS Is Working With The Treasury On Crypto Tax Guidance

Amy Liu

Summary: A report from the Treasury Inspector General for Tax Administration shows crypto exchanges are taking different approaches to tax compliance. According to the report, this is because the IRS needs to issue additional clarifying guidance, including a possible move to Form 1099-B required filing for exchanges. The IRS responded in the report by saying it is ...

A report from the Treasury Inspector General for Tax Administration shows crypto exchanges are taking different approaches to tax compliance.

According to the report, this is because the IRS needs to issue additional clarifying guidance, including a possible move to Form 1099-B required filing for exchanges.

The IRS responded in the report by saying it is currently working with the Treasury on that clarifying guidance.

Last Update:

Tags: ,,,
Link: IRS Is Working With The Treasury On Crypto Tax Guidance   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.