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.
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.
The report highlighted virtual currencies and cash as potential ways to hide income from the government.