This blog post summarizes recent federal bills that have been introduced (but not yet passed), proposals by the Biden Administration, and guidance issued by the Internal Revenue Service.
This blog post summarizes recent federal bills that have been introduced (but not yet passed), proposals by the Biden Administration, and guidance issued by the Internal Revenue Service.
Virtual Currency Tax Fairness Act, which would exempt cryptocurrency transactions of $50 or less from tax. S. 4751 was introduced, which would modify and narrow the definition of broker for purposes of the reporting requirements for digital assets.
On March 9, 2023, the Biden Administration released the Fiscal Year 2024 Budget, and the “General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals,” which is.
Biden Administration released Fiscal Year 2024 Budget, General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals. Green Book summarizes Administration’s tax proposals contained in Budget. Each proposal will have to be introduced and passed by Congress.