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Understanding New IRS DeFi Broker Tax Regulations

Understanding The New IRS DeFi Broker Tax Regulations

KYC and IRS tax reporting are coming to DeFi platforms as a result of the newly released DeFi broker tax regulations.

Cryptopolitan on MSN · 7h

IRS targets DeFi brokers with new tax reporting rules set for 2027

The IRS is going after decentralized finance (DeFi) brokers with a vendetta. If left, starting in 2027, these brokers will be required to report every dime made in crypto sales. The new rules fall under section 6045 of the Internal Revenue Code and are part of this big push to extend traditional tax regulations to

Business Insider · 5h

The IRS's New Broker Plan

It is the last Friday of 2024, so naturally there's a 115-page Internal Revenue Service final rule to dig through. The Infrastructure Investment

IRS Targets Front-End Services In DeFi Reporting Final Regulations

IRS issued much anticipated final regulations on DeFi informational reporting on December 27, 2024. This clarifies requirements and exclusions for DeFi participants.

IRS, Republicans

MarketWatch on MSN · 1d

Republicans succeed in clawing back more IRS tax-cheat enforcement funds. For now.

The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.

Hosted on MSN · 7h

Republicans quietly cut IRS funding by $20 billion in bill to avert government shutdown

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit

The Washington Post on MSN · 1d

Congress stripped IRS of another $20 billion in government shutdown fight

Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.

IRS, Recovery Rebate Credit

FOX News on MSN · 1d

IRS to send unclaimed tax rebates to 1M Americans

The IRS is sending about 1 million eligible American taxpayers a payment this month for the pandemic-era Recovery Rebate Credit that they didn't claim on their 2021 tax returns.

Detroit Free Press on MSN · 3d

The IRS is paying stimulus money to people who missed 2021 tax rebate. What to know

The payments for people who filed 2021 tax returns depend on several factors, but the maximum is $1,400 per person.

Hosted on MSN · 3d

Check your mail. The IRS is sending money to 1 million tax filers who aren’t expecting it

A million tax filers will soon get a letter from the IRS indicating they have money coming to them because they were eligible to receive the 2021 Recovery Rebate Credit but didn’t claim it on their 2021 federal tax return.

Boing Boing on MSN8h

IRS goes after gig workers instead of billionaire tax dodgers

While billionaires stash fortunes in offshore havens, the IRS is targeting gig workers who make a few bucks answering ...

3h

New IRS Update Requires Form 1099-K For Payments Of $5K+ Received Through Cash App Or PayPal

The IRS is now requiring freelancers to report payments of $5,000 and up received via third-party apps like CashApp, PayPal, ...

Hosted on MSN3d

IRS announces key tax adjustments for 2025

The IRS has unveiled its annual inflation adjustments for the 2025 fiscal year, impacting over 60 tax provisions.

16h

Raising awareness about potential IRS tax scams

“Deadpool” director Tim Miller recently told Collider that he wishes his deal on the film included a piece of the ...

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