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IRS Updates Crypto-Related Instructions for 2022 Tax Filing

IRS Updates Crypto-Related Instructions for 2022 Tax FilingThe Internal Revenue Service (IRS) has updated the crypto section in the 2022 draft instructions for tax form 1040. “For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins,” the tax agency detailed. New IRS Instructions for Tax Form 1040 The Internal Revenue Service (IRS) released its 2022 draft […]

IRS Doubles Down on Immediate Staking Rewards Tax Stance

IRS Modifies Crypto Question on Tax Form — Now Focusing on Taxable Cryptocurrency Transactions

IRS Modifies Crypto Question on Tax Form — Now Focusing on Taxable Cryptocurrency TransactionsThe U.S. Internal Revenue Service (IRS) has modified the crypto question asked on the main U.S. tax form. Reducing the scope of the question, the IRS now focuses on taxable cryptocurrency transactions. New Crypto Question on Tax Form 1040 The IRS published a draft Form 1040 for the tax year 2021 Thursday. Form 1040 is […]

IRS Doubles Down on Immediate Staking Rewards Tax Stance