|
Biden administration unveils new crypto tax reporting rules
![IndiaTimes]()
Friday, 25 August 2023
The US Treasury Department has proposed a rule that would require cryptocurrency brokers to report information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS). The rule aims to crack down on crypto users who may be evading taxes. The rule would cover both centralized and decentralized trading platforms, payment processors, and online wallets. The proposal is part of broader efforts to address tax evasion risks posed by digital assets.
|
|
Friday, 25 August 2023
