Reading The Clues In IRS Guidance Plans: 2023-2025
The 2024-2025 PGP cites proposed regs (REG-124850-08), published May 8, 2024, that provide guidance on information reporting ...
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IRS clarifies what happens with withdrawal requests at different ages
The IRS offers tax advantages for employees enrolled in their employer's 401(k) plan, but early withdrawals can lead to ...
Blockchain Association sues IRS over digital asset reporting rules: Law Decoded
The United States Internal Revenue Service (IRS) issued regulations requiring brokers to report digital asset transactions, ...
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IRS issues temporary relief on crypto cost-basis method changes
The United States Internal Revenue Service (IRS) has issued a temporary relief for a rule that would have defaulted crypto holders on centralized exchanges to a less-than-ideal accounting method.
Blockchain Advocates File Suit Challenging IRS DeFi Regulations
Blockchain advocates immediately challenged the final regulations imposing IRS reporting obligations on DeFi participants.
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DeFi has 3 options if IRS rules remain – Alex Thorn
The IRS’s new rules classify DeFi platforms as brokers and mandate KYC and transaction reporting. DeFi services must choose ...
10 policies Republicans could use to pay for new tax cuts
Extending all of the 2017 tax law could add close to $5 trillion to the national debt. To offset the cost, Trump and ...
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Foreign Tax Credit: A Guide to Reducing Double Taxation on Foreign Income
The Foreign Tax Credit is a way to lessen your U.S. tax liability and offset income taxes paid to other countries. Find out ...
Blockchain Association sues IRS over crypto broker rules
The Blockchain Association filed a lawsuit against the IRS' latest regulations on crypto transactions, citing an "infringement" on DeFi users' privacy rights.