IRS Crypto Reporting Rules Face Industry, GOP Ire
Talking Tax5 Helmi 2025

IRS Crypto Reporting Rules Face Industry, GOP Ire

Treasury Department and IRS finalized rules requiring crypto exchanges to provide information on taxpayers’ buying and selling activities are meeting industry and Republican pushback. Centralized brokers must issue form 1099-DA, starting in 2026 for tax year 2025, and decentralized brokers are to start doing so in 2028 for tax year 2027. The form includes such things as personal data, gross proceeds on sales, and transaction dates. Crypto tax advisers bring up two themes about the new rules: First, it's challenging for some brokers to implement the infrastructure needed to comply with the reporting requirements because tracking transactions is a huge undertaking when trades happen so quickly. Second, some Congressional Republicans don't like the rule and have introduced a joint resolution to nullify parts of the regulations. In this episode of Talking Tax, Bloomberg Tax reporter Rebecca Chen chats with Jessalyn Dean, vice president of tax information reporting at digital asset tax and accounting platform Ledgible, on the requirements and enforcement efforts, and how they might change under the second Trump administration. —Produced by Mo Barrow. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(436)

Corporate Tax Disclosures Let Investors Peer Into the Black Box

Corporate Tax Disclosures Let Investors Peer Into the Black Box

Investors are getting a lot more information about an area that’s been a mystery in the past: What goes into companies’ tax bills. The US, the European Union, and Australia all have new or forthcom...

15 Huhti 11min

Accounting Firms Navigate Compensation as AI Tools Upend Work

Accounting Firms Navigate Compensation as AI Tools Upend Work

Artificial intelligence is putting accounting firm leaders on alert for workers well-versed in using and managing the new tools as the industry invests heavily in modernizing workflows. Firms shou...

8 Huhti 16min

IRS Pivots to Fill Holes in Tax Filing Season After DOGE Cuts

IRS Pivots to Fill Holes in Tax Filing Season After DOGE Cuts

Time is running out to file your taxes to the IRS as the April 15 deadline approaches. But for the IRS, the work is only just beginning and it's off to a rocky start. Elon Musk's Department Gove...

1 Huhti 13min

How Tax Administration Reforms Could Pass Congress This Year

How Tax Administration Reforms Could Pass Congress This Year

Lawmakers in both chambers of Congress are taking a closer look at a range of bipartisan IRS administration changes. House tax writers have advanced several pieces of legislation that would fix pro...

25 Maalis 11min

Washington's Novel Millionaires Tax Inches Closer to Reality

Washington's Novel Millionaires Tax Inches Closer to Reality

States are struggling to make up for revenue gaps in the wake of federal cuts and President Donald Trump's tax-and-spending law. In Washington state, lawmakers have answered the challenge with a n...

18 Maalis 10min

Tax Filing Season Is Underway: Here's How It's Going So Far

Tax Filing Season Is Underway: Here's How It's Going So Far

There are about five weeks left in tax filing season — the busiest time of year for the IRS and tax preparers. IRS CEO Frank Bisignano told lawmakers earlier this month the tax season has so far be...

11 Maalis 17min

States Still Decoupling From GOP Tax Law Deep Into Filing Season

States Still Decoupling From GOP Tax Law Deep Into Filing Season

Tax-filing season is well underway, and yet many states are still figuring out whether to conform to or decouple from provisions in last year's GOP-led tax overhaul, especially the deductions and othe...

4 Maalis 12min

Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches

Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches

The Supreme Court's decision to nix a wide swath of the Trump administration's tariffs comes with some big tax and transfer pricing questions for tax executives as companies battle to collect refunds ...

25 Helmi 12min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
politiikan-puskaradio
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
rss-podme-livebox
the-ulkopolitist
otetaan-yhdet
tervo-halme
rss-vaalirankkurit-podcast
rikosmyytit
rss-kaikki-uusiksi
rss-raha-talous-ja-politiikka
rss-asiastudio
rss-pinnalla
et-sa-noin-voi-sanoo-esittaa
rss-mina-ukkola
rss-sinivalkoinen-islam
rss-polikulaari-pitka-kiekko-ja-muut-ts-podcastit
rss-etusivu