Thursday, May 20, 2021

Tax changes would boost IRS monitoring of cryptocurrency use


The Biden administration is taking steps to ensure Americans who pay for goods or services with cryptocurrencies don’t sidestep the tax man. The Treasury Department issued a report Thursday that outlines measures. Among the proposed changes, businesses that receive “cryptoassets” with a fair market value of more than $10,000 would have to report it to […]

source https://www.seattletimes.com/business/tax-changes-would-boost-irs-monitoring-of-cryptocurrency-use/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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