The IRS recently experienced the departure of two significant directors, Seth Wilks and Raj Mukherjee, who were leading efforts on cryptocurrency initiatives. They accepted voluntary resignation offers issued by the…
The U.S. House of Representatives voted in favor of a resolution to overturn an IRS rule that classified decentralized finance (DeFi) entities as brokers. This rule mandated that these platforms…
The U.S. Internal Revenue Service (IRS) has unveiled an updated draft of the tax form, known as 1099-DA, that cryptocurrency brokers and investors will use for reporting certain transaction proceeds.
Starting…