taxes
Runes, crypto taxes and Binance’s execs stuck in Nigeria
In this edition: Analyzing the SEC’s market impact, the 13F ETF tell-all and FTX generating bipartisan unity in Congress
Treasury on Monday released its 2025 revenue proposals, known as the “Greenbook,” detailing many of the same plans it unveiled last year
Elsewhere, Readygg welcomes former PlayStation Division executive as an advisor
There are fresh reporting requirements for crypto, but the Treasury says businesses get a pass until they can finalize the new rules
The platforms allow collectors to offload their low-value NFTs to reduce capital gains tax liability
After Thursday’s JTO airdrop causes a frenzy in crypto markets, accountants remind traders that they need to claim their new assets as income, even if they never sell
In a call with reporters Monday, division chief Jim Lee said that crypto-related tax evasion cases are mounting
Their current stance is a half-baked attempt that could stifle innovation and burden an emerging industry
Accountants and exchanges have started to parse through the new IRS tax proposals and decipher what they could mean for investors and the future of the industry
Accountants say anyone trading on the popular app should expect to report their activities and profits to the IRS
Non-regulated exchanges operating in Ukraine are said to have amassed $445 million in trading fees over 10 years, leading to losses in tax revenue for the state
A group of Democratic senators have asked the Treasury and IRS to speed up their rulemaking process for crypto tax policy
Crypto rewards must be included in income once the taxpayer gains control over them, the IRS ruled
The bill will reduce taxes on the sale of cryptocurrencies held for at least 12 months from as much as 25% down to 7%
A Coinbase user had attempted to argue the IRS violated his constitutional rights when it sought his trading data
Lummis originally made critical comments of the Biden Administration’s tax on bitcoin miners at Bitcoin Miami, but retweeted an article summing up her views on Thursday
Businesses should take a look at their product offerings and think proactively about what regulators might start enforcing soon
The company will relocate a significant portion of its mining machines to Iceland and Canada, with the majority remaining in the US
The American Institute for Economic Research is dragging the White House for its purported “ignorance about energy usage, bitcoin, and economic policy”
DAC8 proposes that crypto asset service providers report client transactions to counter tax-related criminal activities such as tax evasion
Joe Biden says crypto tax loopholes cost the government $18 billion, but where does that number come from?
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