US Congressman Reintroduces Bill With Tax Protections for Investors With Forked Crypto Assets
The legislation would outlaw penalizing taxpayers until the IRS clarifies its policies.
IRS
Emmer, Congressional Blockchain Group Ask IRS to Revise Guidance on Charitable Crypto Donations
Jun 11, 2021
The lawmakers say the amount of a donation should depend on free market value, not an appraiser’s determination.
The IRS has outlined different ways that $32.3 million in additional funding will bolster the agency's crypto tax collection efforts.
The revised question asking taxpayers about crypto assets is much simpler and clearer.
The lawsuit could have far-reaching implications for the taxation of staking rewards in the U.S.
US Treasury Calls for Businesses to Report Crypto Transfers of More Than $10K to the IRS
May 20, 2021
The report highlighted virtual currencies and cash as potential ways to hide income from the government.
IRS
