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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.