IRS

Kristin Smith, CEO, Blockchain Association (Shutterstock/CoinDesk)

"If the broker rule proceeds as is, it will surely spell the near-total collapse of the crypto industry in the United States," writes Blockchain Association CEO Kristin Smith...

By Kristin Smith Miller Whitehouse-Levine

Nov 15, 2023 at 10:04 p.m. UTC

Nov 15, 2023

OpinionTax Week 2023Blockchain AssociationtaxesBrokersIRS

Crypto advocate Peter Van Valkenburgh argues the IRS' extended reporting requirements violate the First and Fourth Amendments. (Coin Center)

Consensus Magazine

Opinion

‘We're Not Asking for Special Treatment’: Coin Center on the Proposed IRS Broker Rules

Peter Van Valkenburgh on why the crypto industry has responded with 120,000 comments to the controversial new tax regulations.

By Daniel Kuhn

Nov 14, 2023 at 7:51 p.m. UTC

Nov 14, 2023

OpinionTax Week 2023BrokersIRSTreasury DepartmentCongress

(Jim Steinfeldt/Michael Ochs Archives/Getty Images)

Policy

Newsletters

Delaware, We Need to Talk

If I had a nickel for every time someone made a fake crypto-related Delaware filing, I'd have two nickels.

By Nikhilesh De

Nov 14, 2023 at 6:30 p.m. UTC

Nov 14, 2023

NewslettersState of CryptoRegulationsXRPETFsIRS

The U.S. Is Weighing Crypto Tax Rules: What Could Happen Next?

Video

Nikhilesh de

The U.S. Is Weighing Crypto Tax Rules: What Could Happen Next?

The U.S. Internal Revenue Service (IRS) has a public hearing slated on Monday about proposed regulations for digital asset transactions. CoinDesk Global Policy & Regulation Ma...

By CoinDesk Staff

Nov 13, 2023 at 3:51 p.m. UTC

Nov 13, 2023

Nikhilesh DeIRSDeFicdtvFM ClipInternal Revenue Servicecrypto regulationNik DeStateCrypto_Sponsor

How a New Tax Proposal From the IRS Could Impact DeFi

Video

Irs

How a New Tax Proposal From the IRS Could Impact DeFi

The U.S. Internal Revenue Service (IRS) has a public hearing slated on Monday about proposed regulations for digital asset transactions. CoinDesk Managing Editor of Global Pol...

By CoinDesk Staff

Nov 13, 2023 at 3:50 p.m. UTC

Nov 13, 2023

IRSDeFicdtvFM ClipInternal Revenue ServiceSocial_Clip

The U.S. is weighing crypto tax rules, and many in the digital asset industry worry the government going too far. (Jesse Hamilton/CoinDesk.)

Consensus Magazine

Opinion

The IRS Should Offer a Free Tax Reporting Tool to DeFi Users

Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."

By Michael Bodman

Nov 13, 2023 at 2:38 p.m. UTC

Nov 13, 2023

OpinionTax Week 2023IRSBrokersDeFiRegulation

The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)

Consensus Magazine

Opinion

The IRS Should Heed This Warning

Devs are not brokers.

By Bill Hughes

Nov 13, 2023 at 2:09 p.m. UTC

Nov 13, 2023

OpinionTax Week 2023IRSBrokersRegulation

The U.S. Internal Revenue Service has been poised to propose major tax rules for crypto. (Jesse Hamilton/CoinDesk)

Policy

Regulations

'Bruno Brock', Founder of Oyster Pearl, Gets 4 Year Jail Term for Tax Evasion

Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million.

By Amitoj Singh

Nov 1, 2023 at 7:55 a.m. UTC

Nov 1, 2023

RegulationsDOJscamIRSTax EvasionCryptoSEC

Policy

Coinbase

Coinbase Sounds Alarm on IRS Crypto Tax Proposal

As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.

By Jesse Hamilton

Oct 12, 2023 at 9:00 p.m. UTC

Oct 12, 2023

CoinbaseIRSCrypto Taxes