Today news
About the same in other media
Things to know (and fear) about new IRS crypto tax reporting
Reading now: 813
cointelegraph.comThe Infrastructure Investment and Jobs Act (H.R. 3684) put crypto in the crosshairs, where Congress and the Internal Revenue Service (IRS) hope to scoop up enormous tax dollars. This reporting regime is projected to rake in an astounding $28 billion over the next ten years. No other provision in this massive recently enacted federal law is supposed to produce tax dollars that are even close. If you don’t think that means the IRS is coming for your crypto in a very big way and that Congress is trying hard to facilitate it, think again.
The crypto community was outraged when the measure was first proposed and tried to push back hard. That effort resulted in some narrowing, but the provisions were enacted anyway. Some people are still talking
Read more on cointelegraph.comAbout this in other media
Citadel billionaire Ken Griffin's son told him to buy a rare copy of the US Constitution— driving him to splash out $43.2 million to outbid a crypto group markets.businessinsider.com /2 years ago
Crypto-backed loans: How banks are working to capitalise on cryptocurrency mania cnbctv18.com /2 years ago
WisdomTree launches four cryptocurrency indices in US and Europe cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
