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CATEGORY: tax law

Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’
Author: Cointelegraph By Tom Mitchelhill
United States
Source: Cointelegraph.com News
Aug 03, 2023 08:20

Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’

U.S. senators including Elizabeth Warren and Bernie Sanders claimed crypto tax evaders are siphoning off billions from the government.

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Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 01, 2023 10:30

Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance

The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies Cryptocurrency Staking Income, Leaves Questions Unanswered Under fresh tax directives from the [...]

The post Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance appeared first on Crypto Breaking News.

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