Blockchain Advocates File Suit Challenging IRS DeFi Regulations
Blockchain advocates immediately challenged the final regulations imposing IRS reporting obligations on DeFi participants.
IRS finalizes regs for De-Fi tax reporting
The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for decentralized finance brokers, along with transition relief.
Here are the New IRS Rules for Digital Assets and “Brokers,” Treatment of DeFi
The Internal Revenue Service (IRS) has posted final regulations regarding information reporting by brokers who affect transactions of digital assets. These
IRS Targets Front-End Services In DeFi Reporting Final Regulations
IRS issued much anticipated final regulations on DeFi informational reporting on December 27, 2024. This clarifies requirements and exclusions for DeFi participants.
Blockchain Groups Sue IRS Over DeFi Privacy Concerns
IRS classifies DeFi platforms as brokers, requiring KYC and reporting. The industry has to deal with compliance and blocking of US users.
IRS targets DeFi brokers with new tax reporting rules set for 2027
The IRS is going after decentralized finance (DeFi) brokers with a vendetta. If left, starting in 2027, these brokers will be required to report every dime made in crypto sales. The new rules fall under section 6045 of the Internal Revenue Code and are part of this big push to extend traditional tax regulations to
Understanding The New IRS DeFi Broker Tax Regulations
KYC and IRS tax reporting are coming to DeFi platforms as a result of the newly released DeFi broker tax regulations.
Crypto industry groups sue IRS over broker reporting rule
Three crypto industry groups — the DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council — are ...
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DeFi has 3 options if IRS rules remain – Alex Thorn
The IRS’s new rules classify DeFi platforms as brokers and mandate KYC and transaction reporting. DeFi services must choose ...
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Blockchain Association files lawsuit against IRS over its new DeFi regulations
The Blockchain Association has filed a lawsuit against the Internal Revenue Service (IRS) over its new regulations for the ...
DeFi has 3 options if IRS rule isn't rolled back — Alex Thorn
The recent Internal Revenue Service (IRS) reporting rule designating decentralized finance (DeFi) front-ends as brokerages ...