The Treasury Department and the Internal Revenue Service are giving some cryptocurrency brokers additional time to comply with requirements to withhold taxes on digital asset sales and avoid penalties ...
The Treasury and the IRS issued proposed regulations on Jan. 8 to align backup withholding rules with the One Big Beautiful Bill Act's restoration of the original $20,000 and 200-transaction threshold ...
On June 12, 2025, the Internal Revenue Service (IRS) released Notice 2025-33 which extends for an additional calendar year the transitional relief initially provided in Notice 2024-56 to brokers ...
The IRS extended and modified transition relief for digital asset brokers who must report certain digital asset sales and exchanges by customers on Form 1099-DA, Digital Asset Proceeds From Broker ...
The digital asset ecosystem continues to evolve, driven by technological advancements and shifting regulatory frameworks. Recent updates from the IRS and insights from Taxbit and other industry ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...
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