IRS


Opinion

1 Way to Revive Dead NFT Wallets

Artist and legal scholar Brian Frye says inaccessible crypto tokens cannot be sold, but can be donated — with potentially significant tax benefits.

cemetary (image by John Thomas on Unsplash, modified by CoinDesk)

Videos

Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So

In this episode of Unchained, Peter Van Valkenburgh, director of research at Coin Center, explains why the IRS's proposed broker rule for tax reporting in crypto could harm the crypto industry as well as the security and privacy of users. He explains how Coin Center thinks the IRS should accomplish its aims, and why that would even work for collecting taxes on DeFi gains.

Unchained

Videos

Coin Center Director of Research Reacts to Proposed IRS Broker Rules

As part of CoinDesk's Tax Week 2023, Coin Center Director of Research Peter Van Valkenburgh explains why the crypto industry has responded with over 120,000 comments regarding a controversial new tax proposal from the IRS. Van Valkenburgh shares his thoughts on why "these rules won't be able to be enforced."

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Policy

U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules

Chairman of the House Financial Services Committee, Patrick McHenry (R-NC) and Congressman Ritchie Torres (D-N.Y) led a group of nine lawmakers in the effort.

U.S. Rep. Patrick McHenry got tied up as temporary Speaker of the House, distracting him from crypto legislation. (Jesse Hamilton/CoinDesk)

Opinion

Congress Gets the Runaround From Regulators, Again

"If the broker rule proceeds as is, it will surely spell the near-total collapse of the crypto industry in the United States," writes Blockchain Association CEO Kristin Smith and DeFi Education Fund CEO Miller Whitehouse-Levine.

Blockchain Association CEO Kristin Smith is leaving the group to join a new Solana organization. (Shutterstock/CoinDesk)

Consensus Magazine

‘We're Not Asking for Special Treatment’: Coin Center on the Proposed IRS Broker Rules

Peter Van Valkenburgh on why the crypto industry has responded with 120,000 comments to the controversial new tax regulations.

Crypto advocate Peter Van Valkenburgh argues the IRS' extended reporting requirements violate the First and Fourth Amendments. (Coin Center)

Policy

Delaware, We Need to Talk

If I had a nickel for every time someone made a fake crypto-related Delaware filing, I'd have two nickels.

(Jim Steinfeldt/Michael Ochs Archives/Getty Images)

Videos

The U.S. Is Weighing Crypto Tax Rules: What Could Happen Next?

The U.S. Internal Revenue Service (IRS) has a public hearing slated on Monday about proposed regulations for digital asset transactions. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what to expect, along with some of the concerns about the framework, which includes user privacy.

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Videos

How a New Tax Proposal From the IRS Could Impact DeFi

The U.S. Internal Revenue Service (IRS) has a public hearing slated on Monday about proposed regulations for digital asset transactions. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the crypto industry's reaction to the proposal and what it could mean for decentralized finance (DeFi) projects.

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Opinion

The IRS Should Offer a Free Tax Reporting Tool to DeFi Users

Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."

The U.S. is weighing crypto tax rules, and a hearing today will hear from industry representatives worried about the government going too far. (Jesse Hamilton/CoinDesk.)