Tag: IRS Crypto
Breaking News
Much has been said about the legal implications of DAOs, but little attention has been paid to the tax and reporting considerations for DAOs and their token holders.
An American couple has rejected a refund from the Internal Revenue Service (IRS) after the agency taxed them for staking their Tezos (XTZ). In declining the IRS’ refund, the couple hopes to force the government provide clarity on taxes relating to crypto staking. Josh and Jessica Jarrett of Nashville, Tennessee, were first offered the refund […]
The post Investors Wait for Outcome of IRS Crypto Staking Case appeared first on Coin Bureau.
Bitcoin, ether and stocks drop after the White House accuses Russia of planning a staged attack on itself to provoke an invasion of Ukraine
The post Market Recap: Crypto, Stocks Fall After White House Alleges Russian Plot to Stage Attack appeared first on Blockworks.
Crypto Stakers and miners could finally breathe a major sigh of relief as the IRS has decided not to tax unrealized gains derived from crypto staking or mining digital assets. This has been a major relief as many crypto proponents have been voicing their opinion against these proposed taxes over the last few months. Blockworks’
The post Just In: Big Relief for Crypto Stakers and Miners, IRS Won’t Tax Unsold Crypto Tokens appeared first on CoinGape.