Tag Archives: reporting

Starting in 2025, cryptocurrency transactions on centralized exchanges (CEX) will fall under new IRS reporting requirements, marking a significant shift for digital asset investors. These changes mean that transactions conducted through custodial accounts on platforms like Coinbase and Gemini will now be subject to third-party reporting for the first time. New IRS Rules According to a CNN report, the Internal …

The corporate earnings season kicks off in earnest this week, led by the six major U.S. banks. Goldman Sachs, Wells Fargo, JPMorgan Chase, Citigroup, Morgan Stanley and Bank of America are all scheduled to post fourth-quarter results. UnitedHealth is also among the roughly 20 S & P 500 names on deck to report. Expectations for the reporting period are high, …

Freelance court reporting is a rewarding yet demanding career that offers flexibility and variety. If you’re looking to thrive in this field, certain strategies can significantly enhance your chances of success. Implement these tips for successful freelance court reporting. Cultivate Strong Relationships With Legal Professionals Building a reliable client base starts with cultivating strong relationships with legal professionals. Networking within …

Three prominent blockchain advocacy organizations filed a lawsuit challenging the Internal Revenue Service’s new broker reporting requirements. The organizations argue that the rules could severely impact the U.S. digital asset sector, particularly decentralized finance (DeFi). The Blockchain Association, DeFi Education Fund, and Texas Blockchain Council jointly filed the legal challenge in the U.S. District Court for the Northern District of …

Key Notes The regulations specifically target trading front-end service providers while excluding basic DeFi infrastructure like internet services and device manufacturers. Brokers must track and report transactions for both US and non-US citizens, with enforcement focusing on providers having direct customer relationships. Implementation deadline set for January 1, 2027, giving platforms time to modify operations for compliance with new reporting …

The United States Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset transactions, expanding existing reporting requirements to include front-end platforms, such as decentralized exchanges. Set to take effect in 2027, the rules mandate that brokers disclose gross proceeds from sales of cryptocurrencies and other digital assets, including information regarding taxpayers involved in the transactions. …