Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...
Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...
The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for decentralized finance brokers, along with transition relief.
The U.S. Treasury Department and Internal Revenue Service finalized a rule last week defining decentralized finance platforms as brokers for tax-reporting ... banks or brokers. But the new IRS ...
The Blockchain Association has filed a lawsuit against the US Internal Revenue Service (IRS) challenging new regulations that ...
Small businesses and freelancers using payment platforms like Venmo and PayPal will face new IRS reporting requirements this tax season, with income thresholds gradually decreasing over the next ...
The new requirement, which is being implemented after a two-year delay, applies to such P2P apps as PayPal, Venmo, and Block ...
Crypto reporting ... traders, banks, wallet hubs and taxpayers are still trying to digest the regulations and decide what is necessary to comply. "I think it's flown under the radar for a lot of ...
Freelancers making $5,000 from third-party payment apps will be required to report it on their taxes. The Internal Revenue Service (IRS) now requires freelancers to report payments of $5,000 and ...
The IRS delayed this new reporting requirement in 2022 and again ... and instead is used as a way to transfer money between bank accounts. If you are paid for your freelance or small business ...