News list for " us state"
According to market sources, the Internal Revenue Service (IRS) has reached an agreement with Musk's assistant to block his access to personal tax returns and restrict his access to relevant data.
On January 16, according to CNN, the US Internal Revenue Service (IRS) announced the implementation of a third-party reporting system for cryptocurrency transactions starting from 2025. For the first time, centralized trading platforms such as Coinbase and Gemini will be required to report users' cryptocurrency transaction information to the tax department through the newly established 1099-DA form. According to the regulations, institutions such as custodial trading platforms, digital asset wal...
The US Internal Revenue Service (IRS) has postponed the implementation date of cryptocurrency tax reporting rules to December 31, 2025. Yesterday, it was reported that the IRS issued a temporary cryptocurrency tax relief measure, allowing CeFi exchange users to bypass tax regulations in 2025.
The Internal Revenue Service (IRS) has issued a temporary relief that is expected to benefit CeFi exchange users in 2025. The relief addresses concerns raised by the final Section 6045 Custody Broker Regulation, which will take effect on January 1, 2025, requiring first-in, first-out (FIFO) accounting for digital assets unless a preferred method such as Highest-In, First-Out (HIFO) or Spec ID is selected.
The US Internal Revenue Service (IRS) recently issued new regulations that require crypto platforms (including decentralized exchanges) to report digital asset transaction information, and stipulate that from 2027, platforms must disclose taxpayer information related to digital asset transactions and their sales revenue. In response, the Blockchain Association and the Texas Blockchain Association jointly sued the IRS, arguing that the rule violates the US Administrative Procedure Act and may hav...
According to market news, the US Treasury and the Internal Revenue Service have finalized tax reporting requirements for specific cryptocurrency brokers (RIN 1545-BR39, TD 10021). The Biden administration's progress in developing this regulatory regime has been delayed due to the cryptocurrency industry's resistance to tracking transactions.
The Internal Revenue Service (IRS) has argued in a lawsuit that staking cryptocurrencies should create a tax liability immediately upon completion. The IRS has dismissed a lawsuit filed by cryptocurrency investor Joshua Jarrett in the U.S. District Court for the Middle District of Tennessee. The lawsuit concerns the tax treatment of staking, a process by which new tokens are generated by verifying monetary transactions using existing tokens and computing power. In its response on Dec. 20, the IR...
Tim Kotzman, founder and CEO of Jubilee Royalty, said in a post on X that the National Center for Public Policy Research (NCPPR) has submitted a shareholder proposal document to Amazon for consideration at the 2025 annual general meeting of shareholders. The proposal proposes that Amazon discuss whether to include bitcoin in the company's financing reserve strategy, and recommends investing at least 5% of total assets. At present, the SEC's official website does not list relevant documents. Tim ...
Market news: Two U.S. officials say the Defense Department has halted a planned visit by U.S. Defense Secretary Austin to South Korea.
According to data disclosed by Bitcoin Magazine on the X platform, the US national debt exceeded $36 trillion for the first time in history.
Pennsylvania and Michigan officials said the vote count was expected to be faster than in 2020, with Josh Shapiro, Pennsylvania governor, predicting faster results than in the last election because of fewer applications for postal ballots and new laws requiring uninterrupted counting. Jocelyn Benson, Michigan secretary of state, predicted record turnout and that the count could be completed at midnight on Tuesday, ahead of 2020.
The Internal Revenue Service (IRS) released a memo in October addressing the tax liability for digital asset rewards in accounts frozen due to bankruptcy. The guidance, which has been sent to Michael R. Fiore of the IRS Small Business/Self-Employed Division, examines a hypothetical taxpayer (known as "Taxpayer A") who held cryptocurrency in an account on a bankrupt platform and received rewards, such as...
A Pentagon spokesperson said an Israeli ground invasion does not appear to be imminent, but advised reporters to ask the Israeli side.
The U.S. Homeland Security Investigations (HSI) announced Friday that a woman has been sentenced to eight years in prison for a failed plan to hire a killer to murder using Bitcoin. Melody Sasser attempted to use the dark web to hire a killer to kill an Alabama resident. She paid nearly $10,000 in cryptocurrency and tried to make the murder look like an accident. Authorities found hard evidence in her home that led to her arrest and conviction.
The Internal Revenue Service (IRS) has unveiled its latest 1099-DA form for reporting digital asset transactions, introducing some key changes that could address past criticism and privacy concerns. The new version, which will reportedly be partially implemented in 2025, removes several controversial elements from an earlier draft.
