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Blockchain Advocates File Suit Challenging IRS DeFi Regulations

Blockchain advocates immediately challenged the final regulations imposing IRS reporting obligations on DeFi participants.

Accounting Today · 15h

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.

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 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.

Cryptopolitan on MSN · 4d

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

Crowdfund Insider11h

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 ...

4d

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.

1hon MSN

IRS issues temporary relief on crypto cost-basis method changes

The United States Internal Revenue Service (IRS) has issued a temporary relief for a rule that would have defaulted crypto ...

1don MSN

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 ...

Cryptopolitan on MSN3d

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 ...

Hosted on MSN2d

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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