Source: Cointelegraph US President Donald Trump is expected to sign off on a resolution undoing a rule that requires DeFi protocols to report to US tax authorities. US President Donald Trump is expected to sign a resolution to kill a Biden administration-era rule that requires decentralized finance (DeFi) protocols to report to the Internal Revenue… Continue reading Resolution to Kill IRS DeFi Broker Rule Heads to Trump’s Desk
Source: Bitcoin News The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Brokers, including unhosted wallet providers, are required to report proceeds from digital asset dispositions to the IRS. A crypto tax expert has highlighted that the collection of certain data points, such… Continue reading IRS Releases Draft Tax Form for Digital Assets – Expert Raises ‘Major Privacy and Security Concerns’
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