The Internal Revenue Service and Treasury Department have issued long-awaited Proposed Regulations for parties that will be required to report transactions involving digital assets. These newly identified parties will need to...more
The Internal Revenue Service and Treasury Department have issued long-awaited Proposed Regulations for parties that will be required to report transactions involving digital assets. These newly identified parties will need to...more
9/15/2023
/ Bitcoin Mining ,
Brokers ,
Comment Period ,
Decentralized Autonomous Organization (DAO) ,
Digital Assets ,
Digital Wallets ,
FIFO ,
Internal Revenue Code (IRC) ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Payment Processors ,
Proposed Regulation ,
Regulatory Requirements ,
Reporting Requirements ,
Retailers ,
Software ,
Trading Platforms ,
Transaction Fees ,
U.S. Treasury
The Infrastructure Investment and Jobs Act (H.R. 3684), (“Infrastructure Law”) was passed in 2021, and contained two provisions that target the reporting of digital assets....more