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US Wants “Brokers” to Man Taxpayers’ Crypto Reporting Burden
The US Department of Treasury alongside the Internal Revenue Service (IRS) today (Friday) announced new proposed rules for “brokers” such as crypto trading platforms, crypto payment processors and digital asset wallet providers. The agency noted that the proposed regulation will require these “brokers” to report certain crypto sales and exchange transactions. US Aims at Tax CheatsIn a statement, the Treasury Department noted that the new regulation is part of efforts to implement President Joe B...
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Posted: Aug 25 2023, 21:57
Author Name: financemagnates
Views: 112595