Biden admin – The Shib Daily

EXCLUSIVE: IRS Cracks Down on Crypto Tax Evasion: What Crypto Bros Need to Know

July 5, 2024

The Biden administration’s recently finalized crypto reporting rules bring significant changes for cryptocurrency investors, marking a pivotal shift in tax compliance for the digital asset market. Set to take effect in 2025, these stringent regulations by the U.S. Department of the Treasury and the

Bitcoin·Blockchain·Community·Ethereum·Markets·Policy·Regulation

Biden Admin Finalizes Stricter New Crypto Reporting Rules to Stop Tax Evasion

July 2, 2024

The Biden administration has revealed the finalized crypto reporting rules, introducing strict measures to combat tax evasion starting in 2025. Last Friday, the U.S. Department of the Treasury and the IRS unveiled new regulations aimed at ensuring that American taxpayers accurately report their cryptocurrency gains and losses. These rules, set to take effect in calendar