Industry insiders critical of new US crypto tax reporting obligations

Photo: Anthony Kwan/Getty Images

January 5, 2024 3 min read

Coin Center warns about surveillance and privacy issues stemming from amendments that require the reporting of crypto transactions of $10,000 or more to the IRS.

US brokers and those operating in course of their trade or business are now required to report crypto transactions worth of $10,000 to the Internal Revenue Service (IRS), in line with a provision amending the Tax Code of the Infrastructure Investment and Jobs Act that came into force on January 1.

The

Crypto, Crypto regulation, Infrastructure Investment and Jobs Act, IRS, Reporting, Surveillance, Tax, US Content

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Compliance

Accounting roundup: Digital asset gains, tax disclosure and risk assessments

August 31, 2023

Some of this week's key accounting stories at a glance, including a move to make crypto investors comply with tax law – and some stimulating points about risk assessments.