In the morning of Monday, April 22, Dennis Porter, the CEO, and co-founder of the Satoshi Action Fund, caused a stir on X as he shared a supposed letter sent…
The IRS Is Cracking Down On Cryptocurrency Tax Reporting | Foodman CPAs & Advisors jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Reporting requirements have been proposed for transactions, including cryptocurrency transactions. Financial institutions, payment settlement entities, digital asset exchanges, and custodians would be required to report gross inflows and outflows that exceed a threshold.