Dogecoin Community Exploration

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Senator Ted Cruz plans to challenge IRS crypto tax rules US IRS Announces New Cryptocurrency Rules: Here’s What to Know New IRS Regulations for Cryptocurrency Tax Reporting to Take Effect in 2026 Here's Dogecoin Founder's Take on Shocking FTX IRS Showdown Dogecoin Creator Billy Markus And Elon Musk Reacts To IRS $24 Bln Fine On FTX

Jan / 01
- Senator Ted Cruz plans to challenge IRS crypto tax rules
  
  Jan 01, 1970 at 08:00 am Optimisus
  
  Senator Ted Cruz, alongside other Republican lawmakers, is challenging new IRS crypto tax regulations using the Congressional Review Act. The rule, which requires crypto brokers to extensively report digital asset income, is met with criticism from the crypto community for misinterpreting the term "broker" and disregarding blockchain's decentralized nature.
- US IRS Announces New Cryptocurrency Rules: Here’s What to Know
  
  Jan 01, 1970 at 08:00 am Bitcoin Sistemi EN
  
  The Internal Revenue Service (IRS) has unveiled regulations for decentralized finance (DeFi), mandating stricter reporting requirements for DeFi trading platforms and their users. These regulations, effective from January 1, 2027, require platforms to gather KYC data and report income via Form 1099-DAs, while classifying them as "intermediaries." This shift in regulation will significantly impact DeFi operations and user experience, including KYC verification at onboarding and reliance on crypto tax software for calculating gains and losses by users.
- New IRS Regulations for Cryptocurrency Tax Reporting to Take Effect in 2026
  
  Jan 01, 1970 at 08:00 am Inside Bitcoins
  
  In an effort to increase transparency and combat tax evasion in the digital asset market, the US Treasury and IRS have finalized new regulations requiring custodial cryptocurrency platforms to report transactions to the IRS starting in 2026. These regulations aim to ensure accurate reporting of gains from cryptocurrency sales and simplify tax filing for users. The new rules mandate the issuance of standard 1099 forms by platforms, similar to those used by traditional financial institutions. This move underscores a broader IRS effort to enhance oversight of the rapidly growing cryptocurrency market and reduce tax evasion, while providing clarity and convenience to cryptocurrency users.
- Here's Dogecoin Founder's Take on Shocking FTX IRS Showdown
  
  Jan 01, 1970 at 08:00 am U.Today
  
  In a shocking showdown between FTX and the IRS, the bankrupt crypto firm was hit with a $24 billion tax bill. Dogecoin founder, Billy Marcus, commented on the situation, stating that the IRS cares more about their cut than the victims of the scam. He criticized America's current trend of acting like it "hates its citizens." #dogecoin #founder #shocking #ftx #irs #showdown
- Dogecoin Creator Billy Markus And Elon Musk Reacts To IRS $24 Bln Fine On FTX
  
  Jan 01, 1970 at 08:00 am CoinGape
  
  The IRS imposed a $24 bln fine on defunct crypto exchange FTX due to unexplained tax allegations. Dogecoin creator Billy Markus reacts, criticizing IRS priorities. Elon Musk has yet to comment. #IRS #FTX #fine #Dogecoin #creator #BillyMarkus #ElonMusk #reacts