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The Current State Of The IRS Broker Rule

[Mar 5 5:33 PM] Bitcoin Magazine The Current State Of The IRS Broker Rule Between the holidays and New Years, the IRS used the last passing days of the Biden administration to finalize its long feared Broker Rule: a regulation requiring all cryptocurrency…

IRS Crypto Tax Reporting Requirements Stir up Mass Confusion

[Jan 3 11:30 PM] Some in the crypto community assumed the IRS was backpedaling on reporting requirements, but all requirements are still firmly in place, the agency simply announced a grace period for exchanges to upgrade their technology. IRS Grants Crypto…

IRS Doubles Down on Immediate Staking Rewards Tax Stance

[Dec 28, 2024 5:30 AM] The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines. In a recent filing related to an ongoing lawsuit, the…

IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns

[Nov 2, 2024 1:30 AM] Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service…

CFTC Teams up With SEC to Fight Cryptocurrency Scams

[Sep 14, 2024 1:30 AM] The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic…