taxes


Opinion

The Global Movement to Promote Crypto Tax Transparency — What You Need to Know

In Europe and the U.S., there are a host of initiatives placing new requirements on participants in digital asset markets to report on transactions and meet other new provisions.

globe held in someone's hand (Greg Rosenke/Unsplash, modified by CoinDesk)

Opinion

What the IRS Gets Wrong About DeFi and Crypto in Its Latest Tax Reporting Proposal

Given the negative impacts of the so-called "broker rule" for many non-custodial and open platforms, clear congressional authorization is required before the Treasury could expand the tax agency's remit, Marisa Coppel argued at a hearing.

U.S. Treasury Building (Nikhilesh De/CoinDesk)

Policy

Crypto Tax Proposal Open for Revision, IRS Officials' Questions Suggest

Federal officials heard Monday from the industry on the mayhem the U.S. crypto tax proposal could cause, but the most valuable revelations may have been what they asked about.

Marisa Coppel, senior counsel at the Blockchain Association, advised Internal Revenue Service officials to narrow their crypto tax proposal. (Courtesy of the Blockchain Association)

Opinion

What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?

As with the FTX fraud, it’s unclear how tax authorities are going to treat tax issues when there’s criminal activity involved.

(Alpha Rad/Unsplash)

Opinion

IRS Proposed Rule on Digital Asset Broker Reporting Could Kill Crypto in America

The proposal creates unworkable requirements for decentralized finance in the U.S. and serves as an important cautionary tale.

(Jesse Hamilton/CoinDesk)

Policy

Crypto Wants a De Minimis Tax Exemption in the U.S.

The industry weighed in on a Senate committee request for comment, hitting common themes.

Sens. Ron Wyden (left) and Mike Crapo (Drew Angerer/Getty Images)

Policy

Tornado Cash Indictments May Prove to Be Just a Localized Storm After All

Fears of the case being the start of a new assault on the industry may be overblown.

(Clay Banks/Unsplash)

Policy

U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges

The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements.

U.S. Treasury Building (Nikhilesh De/CoinDesk)

Policy

U.S. Lawmakers Urge IRS, Treasury to Hurry Crypto Tax Rules

Congressmen Brad Sherman and Stephen Lynch called the industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations on reporting requirements.

U.S. Rep. Brad Sherman (House Financial Services Committee)

Policy

RFK Jr. Raises Crypto Taxes, Regulation as Issues in Opening Days of 2024 Presidential Race

Democratic presidential candidate Robert Kennedy Jr. is criticizing the White House effort to establish a 30% tax for crypto mining in the U.S.

Robert F. Kennedy Jr. announces his candidacy in Boston on April 19. (Scott Eisen/Getty Images)