税务
Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So
In this episode of Unchained, Peter Van Valkenburgh, director of research at Coin Center, explains why the IRS's proposed broker rule for tax reporting in crypto could harm the crypto industry as well as the security and privacy of users. He explains how Coin Center thinks the IRS should accomplish its aims, and why that would even work for collecting taxes on DeFi gains.
U.S. Crypto Tax Proposal Will Provide Greater 'Clarity' in Sector: Tax Expert
The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations. Miles Fuller, Taxbit head of government relations, says "This is probably one of the most highly anticipated things to happen in this space...now we have that and it should provide a lot of clarity."
How to Navigate the Treasury Department’s Crypto Tax Proposal
The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements. Taxbit head of government relations Miles Fuller discusses what to make of the new plan and the potential outcomes.
U.S. Crypto Tax Proposal Lets Miners off the Hook, Snares ‘Some’ Decentralized Exchanges
The U.S. Treasury Department published a nearly 300-page proposed rule for crypto tax reporting that unveils the definition of a "broker" in the digital asset space. Miners are exempt from the tax rules, but "some" decentralized finance platforms will not be, said the proposed guidance. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the highlights from the documents.
Why Investors Are Waiting For a U.S. Crypto Tax Rule Revamp
Crypto traders have been waiting for a set of new rules that will overhaul how they report their cryptocurrency taxes since the issuance of crypto tax documents was required in the law two years ago. Treasury Department’s Internal Revenue Service (IRS) completed the proposal months ago, so why hasn’t it been proposed? CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the new tax rule plan and why it has been delayed.
How to Navigate Crypto Taxes Before the April 18 Deadline
TurboTax tax expert Lisa Greene-Lewis breaks down what crypto investors should know about their taxes ahead of next week's IRS tax deadline. Greene-Lewis addresses common mistakes, the most-asked questions, and what happens if your funds are frozen on a failed crypto exchange.
IRS Looks to Tax NFTs Like Other Collectibles
The U.S. Internal Revenue Service is considering whether to tax non-fungible tokens (NFT) on a par with other collectibles, such as stamps, works of art and fine wine, in a move likely to have an impact on those including the digital assets within their retirement plan, according to a document published Tuesday. "The Hash" panel discusses the proposal and the future of crypto taxes.
