Following record-high adoption in 2022, the Internal Revenue Service (IRS) is revamping its crypto reporting requirements.
The IRS Is Upping the Ante on Its Crypto...
Listen to the most important stories in Bitcoin and crypto covered by our newsroom in the past week. Ignorance no excuse: IRS to hunt NFT tax cheats for billions of dollars The IRS is gearing up for a wave of NFT-related tax evasion cases, with many collectors still not sure how to declare crypto assets. […]
Over time, nonfungible tokens (NFTs) have proven to be one of the hottest sectors in crypto, and now the U.S. government may finally be ready to get its share from this booming sector. According to a report by Bloomberg, officials of the Internal Revenue Service (IRS) announced their plans to begin cracking down on NFT investors