IRS

President Donald Trump has formalized the repeal of an IRS rule targeting decentralized finance (DeFi) platforms by signing a resolution into law.This action, confirmed in a press release from Representative Mike Carey, effectively…
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On Thursday, President Donald Trump signed a bill into law, marking the first instance of a U.S. President enacting cryptocurrency-related legislation.The law officially reverses an IRS regulation from the Biden administration that…
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The United States Internal Revenue Service (IRS) released a temporary relief measure that is anticipated to benefit CeFi exchange users in 2025, as reported by Odaily.This measure is intended to address the concerns that have been…
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Citing overreach and privacy concerns, three significant crypto advocacy organizations are suing the IRS to challenge the new regulations that classify DeFi platforms as brokers.Three significant crypto advocacy organizations—the…
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DeFi vendors are now required to submit comprehensive customer and transaction data upon the issuance of new crypto tax guidelines by the IRS.DeFi brokers are required to collect and report significantly more detailed information about…
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Unveiled today is the preliminary version of a tax form that the US Internal Revenue Service (IRS) plans to use to collect payments made in cryptocurrencies.In the meantime, interested parties may provide feedback on the recently…
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Kraken must disclose information regarding users involved in transactions reaching $20,000 in a calendar year.The government wanted to see whether exchange users had underreported their tax obligations. Therefore, it…
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