IRS

Learn about the IRS’s proposed rule on reporting digital asset transactions, its impact on centralized entities, DeFi, and non-custodial wallet developers, and concerns about constitutional rights violations. Find out why a fair and balanced approach is necessary to support innovation.

Discover the potential regulatory consequences of new IRS broker reporting regulations on the crypto industry and the need for collaboration to address them.

Discover the intense debate surrounding the IRS’s crypto tax proposal, with 124,000 comments received during the comment period. Find out about the concerns raised and the potential consequences for the industry.

Concerns raised by the crypto industry on IRS proposed rule to classify certain crypto entities as brokers for tax reporting purposes. Privacy, data collection burdens, and reporting requirements for stablecoin transactions are major issues. Over 117,000 comments received and public comment period is ongoing. A public hearing has been scheduled to address the concerns. Article provides comprehensive understanding of the situation.

Find out how taxpayers in 13 states can file their taxes online for free through the IRS pilot program. This initiative aims to assess the feasibility of the IRS getting involved in tax-return preparation. The program is open to taxpayers in nine states without state-level income tax and four states with their own income taxes. The IRS tax-prep platform is equipped to handle simple tax returns for individuals with specific types of income and deductions. Don’t miss this opportunity to file your taxes conveniently and for free!