A lot of regulatory clarity as we can see in the US…
goldyluckinblokchain on
Conegrats burgerland
Geolinear on
Burgers rejoice
coinfeeds-bot on
tldr; The IRS has delayed the implementation of new cryptocurrency tax reporting requirements until January 1, 2026. This extension gives digital asset brokers additional time to develop systems to comply with regulations, which focus on determining the cost basis for crypto assets on centralized platforms. The delay addresses concerns about brokers’ readiness and allows investors more time to plan their accounting strategies. The IRS’s decision reflects the complexities of regulating digital assets and aims to align crypto tax reporting with traditional financial standards.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
_BruhJr_ on
Thank fuck. Those Safe Harbor regulations were clear as mud and we were given 2 months to process and implement them. This should make it a lot easier
Humans_r_evil on
yall should read the fine print in the patch notes: We have delayed it due to needing to arm 800,000 more IRS agents by 2026.
Environmental-ADHD on
Pretty sure the IRS is losing their minds these days with all this new tech
Neonbelly22 on
So does this mean we don’t claim taxes? I’ve been claiming every year until this year, which is the first year of WIN lol
8 Comments
A lot of regulatory clarity as we can see in the US…
Conegrats burgerland
Burgers rejoice
tldr; The IRS has delayed the implementation of new cryptocurrency tax reporting requirements until January 1, 2026. This extension gives digital asset brokers additional time to develop systems to comply with regulations, which focus on determining the cost basis for crypto assets on centralized platforms. The delay addresses concerns about brokers’ readiness and allows investors more time to plan their accounting strategies. The IRS’s decision reflects the complexities of regulating digital assets and aims to align crypto tax reporting with traditional financial standards.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Thank fuck. Those Safe Harbor regulations were clear as mud and we were given 2 months to process and implement them. This should make it a lot easier
yall should read the fine print in the patch notes: We have delayed it due to needing to arm 800,000 more IRS agents by 2026.
Pretty sure the IRS is losing their minds these days with all this new tech
So does this mean we don’t claim taxes? I’ve been claiming every year until this year, which is the first year of WIN lol