Coindesk Logo
Bitcoin

Coin Center on the Proposed IRS Broker Rules

November 15, 2023 0

The so-called broker rule, laid out by the IRS in a tax reporting proposal has been at times called unconstitutional, unprecedented in scope and an existential threat for the cryptocurrency industry. Indeed, by expanding the […]

Atmosphere (Shutterstock/CoinDesk)
Bitcoin

The IRS and the Rising Cost of Crypto Tax Compliance

November 14, 2023 0

David Kemmerer anticipates the unintended consequences of proposed new regulations on brokers reporting crypto transactions. Expensive “tax experts” are set to benefit financially, he says, even if ordinary investors won’t. Source link