The US IRS is yet to issue guidelines on whether prediction market gains should be taxed as derivatives, gambling winnings, or income, worrying accountants
Americans flocked to prediction markets last year. Now, it's time to pay taxes on winnings. How do you do that? Great question.
The US Treasury and IRS issue guidance allowing Wall Street crypto products to offer staking rewards under a new safe harbor, easing institutional participation
Sander Lutz / Decrypt :
Sources: the Trump administration plans to eliminate the IRS' free Direct File tax program, after IRS staff were told in mid-March to stop working on it
apnews.com/article/irs-... Representative Seth Magaziner / @magaziner.house.gov : So instead of using technology to make government more efficient, DOGE is canceling technology to make big corporation...
Trump signs a bill repealing IRS rules that treat DeFi platforms as brokers and require them to report user data, the first pro-crypto effort to clear Congress
Jesse Hamilton / CoinDesk :
The US GSA eliminates 18F, a government tech consultancy that helps other agencies with their tech, including the IRS' Direct File, impacting about 90 employees
The General Services Administration deleted 18F, a government tech consultancy that helps other agencies with their technology, early Saturday morning.
The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying
The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying
Treasury finalizes rules to deter crypto tax evasion—but softens them after industry lobbying push
The US Treasury finalizes a rule requiring cryptocurrency brokers to report new information on users' sales and exchanges of digital assets to the IRS
The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors …
The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying
Treasury finalizes rules to deter crypto tax evasion—but softens them after industry lobbying push