congressmen

Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance

Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines...
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Bitcoin (BTC) $ 82,616.14 0.42%
Ethereum (ETH) $ 1,762.74 1.64%
Tether (USDT) $ 0.999809 0.00%
XRP (XRP) $ 2.08 3.00%
BNB (BNB) $ 582.48 1.97%
USDC (USDC) $ 1.00 0.01%
Solana (SOL) $ 115.03 2.62%
Dogecoin (DOGE) $ 0.162043 3.71%
TRON (TRX) $ 0.239944 0.65%
Cardano (ADA) $ 0.626683 4.12%