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 ...
Search results for: Irs tax reporting
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Congress nullifies IRS crypto reporting regulations for DeFi platforms - 0
DeFi Tax Uncovers Systemic Failures in Crypto Tax Reporting Leaving Millions of U.S. Taxpayers at Risk Ahead of New IRS 1099-DA RegulationsSHERIDAN, 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 ... - 0
Congress Overturns IRS Reporting Rules for DeFi PlatformsPresident Trump has signed into law a bill that repeals Internal Revenue Service (IRS) regulations that required decentralized finance (DeFi) platforms to be tr ... - 0Congress Repeals Digital Asset Regulations Applicable to Decentralized Finance Platforms | JD SupraIn a January 27 client alert, we discussed final regulations issued on December 30, 2024, covering tax reporting requirements applicable to certain... ...
- 0Man Pleads Guilty to Submitting False Tax Returns Tied to $13M CryptoPunks Sales - DecryptWaylon Wilcox sold millions in CryptoPunks NFTs but told the IRS he hadn’t touched digital assets. Now he’s facing prison time. ...
- 0Trump Becomes First President to Sign Crypto Bill Into Law, Ending Anti-DeFi IRS Rule - DecryptThe Biden-era rule would have obligated DeFi platforms to comply with tax reporting requirements designed for brokers. ...
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Pennsylvania Man Who Made Millions Flipping NFTs Faces Charges After IRS Investigation | NFT Tax | CryptoRank.ioA Pennsylvania resident has pleaded guilty to federal charges after failing to report millions in earnings from trading non-fungible tokens (NFTs). The post ... - 0Trump signs resolution to reverse DeFi tax reporting rule | Digital Watch ObservatoryThe IRS rule, designed to enforce crypto tax compliance, faced backlash from the DeFi industry due to its technical challenges. ...
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Trump Signs Historic Crypto Bill, Overturns DeFi IRS Rule in First Presidential MovePresident Trump signed the first-ever crypto-related bill into U.S. law, repealing the IRS’s DeFi Broker Rule. ...
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