Crypto traders have been waiting for a set of new rules that will overhaul how they report their cryptocurrency taxes since the issuance of crypto tax documents was required in the law two years ago Treasury Department’s Internal Revenue Service IRS completed the proposal months ago so why hasn’t it been proposed Coin Desk's global [...]
The U S Internal Revenue Service is considering whether to tax non fungible tokens NFT on a par with other collectibles such as stamps works of art and fine wine in a move likely to have an impact on those including the digital assets within their retirement plan according to a document published Tuesday The [...]
The U.S. Internal Revenue Service (IRS) released an updated draft for its 2022 instructions for form 1040 filers that swaps the old category for "virtual currency" with broader new language on "digital assets," including an explicit recognition of NFTs. "The Hash" panel discusses the potential repercussions.
Nik De, CoinDesk managing editor for Global Policy and Regulation, joins “First Mover” to provide the latest update in an ongoing lawsuit against the Internal Revenue Service regarding income taxes for staked cryptocurrency on the Tezos blockchain.