Search results for: Irs

17 results found

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    Congress nullifies IRS crypto reporting regulations for DeFi platforms
    President Trump signed legislation nullifying IRS reporting requirements for decentralized digital asset brokers. Centralized exchanges, payment processor and certain token issuers remain subject to F ...
    by tjub 4 days ago | DeFi | 0 comments
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    DeFi Tax Uncovers Systemic Failures in Crypto Tax Reporting Leaving Millions of U.S. Taxpayers at Risk Ahead of New IRS 1099-DA Regulations
    SHERIDAN, Wyo., April 23, 2025 (GLOBE NEWSWIRE) — A multi-year investigation by crypto tax experts revealed pervasive, critical flaws in the current crypto tax reporting ecosystem in a newly publi ...
    by tjub 4 days ago | DeFi | 0 comments
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    Congress Overturns IRS Reporting Rules for DeFi Platforms
    President Trump has signed into law a bill that repeals Internal Revenue Service (IRS) regulations that required decentralized finance (DeFi) platforms to be tr ...
    by tjub 4 days ago | DeFi | 0 comments
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    Putting a bow on the DeFi broker rule saga
    A crypto-industry lawsuit is "moot" now that Joint Resolution 25, which overturns an IRS rule, has been signed into law. ...
    by tjub 9 days ago | DeFi | 0 comments
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    SEC Crypto Lawsuit Paused Amid Leadership Shift; IRS DeFi Rule Overturned - TokenPost
    A federal judge has paused a high-profile lawsuit between 18 Republican state attorneys general, the DeFi Education Fund, and the U.S. Securities and Exchange Commission (SEC), citing the agencys lead ...
    by tjub 10 days ago | DeFi | 0 comments
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    Own crypto, Bitcoin, or NFTs? You may have to report it on your tax return. What to know
    For the last-minute filers, don't forget that the IRS needs you to report digital asset transactions like Bitcoin, crypto and NFTs. Here's what to do. ...
    by tjub 10 days ago | NFTs | 0 comments
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    Man Pleads Guilty to Submitting False Tax Returns Tied to $13M CryptoPunks Sales - Decrypt
    Waylon Wilcox sold millions in CryptoPunks NFTs but told the IRS he hadn’t touched digital assets. Now he’s facing prison time. ...
    by tjub 10 days ago | NFTs | 0 comments
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    Trump signs bill repealing IRS rule targeting DeFi — here’s what it means
    US President Donald Trump signed his first crypto legislation Thursday. The bill repeals an IRS rule issued in the final days of the Biden administration. ...
    by tjub 10 days ago | DeFi | 0 comments
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    Trump signs resolution overturning IRS DeFi broker rule
    Trump repeals IRS DeFi broker rule, nullifying crypto data reporting requirements for decentralized platforms and safeguarding privacy. ...
    by tjub 10 days ago | DeFi | 0 comments
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    Trump Becomes First President to Sign Crypto Bill Into Law, Ending Anti-DeFi IRS Rule - Decrypt
    The Biden-era rule would have obligated DeFi platforms to comply with tax reporting requirements designed for brokers. ...
    by tjub 10 days ago | DeFi | 0 comments
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    Pennsylvania Man Who Made Millions Flipping NFTs Faces Charges After IRS Investigation | NFT Tax | CryptoRank.io
    A Pennsylvania resident has pleaded guilty to federal charges after failing to report millions in earnings from trading non-fungible tokens (NFTs). The post ...
    by tjub 10 days ago | NFTs | 0 comments
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    Trump signs bill to nullify expanded IRS crypto broker rule
    U.S. President Donald Trump on Thursday signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include decentralized cryptocurr ...
    by tjub 10 days ago | DeFi | 0 comments
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    Pennsylvania Man Who Made Millions Flipping NFTs Faces Charges After IRS Investigation
    A Pennsylvania resident has pleaded guilty to federal charges after failing to report millions in earnings from trading NFTs to the IRS. ...
    by tjub 10 days ago | NFTs | 0 comments
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    Trump signs resolution to reverse DeFi tax reporting rule | Digital Watch Observatory
    The IRS rule, designed to enforce crypto tax compliance, faced backlash from the DeFi industry due to its technical challenges. ...
    by tjub 10 days ago | DeFi | 0 comments
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    Killing the IRS DeFi Rule Is an Industry Win — But It’s a Temporary One
    The end of one rule is the beginning of crypto’s unresolved tax issues, says Robin Singh, CEO of crypto tax platform Koinly. ...
    by tjub 10 days ago | DeFi | 0 comments
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    Trump Signs Historic Crypto Bill, Overturns DeFi IRS Rule in First Presidential Move
    President Trump signed the first-ever crypto-related bill into U.S. law, repealing the IRS’s DeFi Broker Rule. ...
    by tjub 10 days ago | DeFi | 0 comments
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    Trump kills DeFi broker rule in major crypto win: Finance Redefined
    President Trump has overturned the IRS’s DeFi broker rule, signaling a major shift in US crypto regulation and fueling calls for greater industry collaboration. ...
    by tjub 10 days ago | DeFi | 0 comments