IRS steps back crypto tax rules, exempting TXs over $10k from obligations Cointelegraph

Image for article IRS steps back crypto tax rules, exempting TXs over $10k from obligations Cointelegraph
News Source : Cointelegraph

News Summary

  • The U.S. Internal Revenue Service didn’t state when it intends to issue new regulations detailing how U.S. businesses must report cryptocurrency transactions..
  • He speculated that filers would attempt to comply with the law but risked being found guilty of a felony.The IIJ Act requires taxpayers to report receiving more than $10,000 cash within 15 days of the transaction..

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