Posts on the Topic Irs

For 2025, the IRS is enforcing stricter reporting and transparency for crypto and FX traders, requiring detailed transaction records, new forms like 1099-DA, immediate reporting of large transactions, and clear distinctions between capital gains and ordinary income. State-level rules may...

Crypto gifts can be tax-free if they remain under a certain threshold, but exceeding this limit may require filing a gift tax return; recipients should document the original cost basis to manage potential capital gains taxes when selling....

The IRS treats cryptocurrency as property, subjecting transactions to capital gains tax; understanding and accurately reporting these activities is essential for compliance with US tax laws. This guide covers the basics of crypto taxation, including different types of taxable events...

The U.S. regulatory framework for Bitcoin trading is complex, with multiple federal agencies like the SEC, CFTC, and FinCEN involved in creating guidelines that impact taxation, securities classification, and anti-money laundering efforts; state-level regulations vary widely. Recent legislative initiatives aim...