Understanding New IRS DeFi Broker Tax Regulations

Understanding The New IRS DeFi Broker Tax Regulations
KYC and IRS tax reporting are coming to DeFi platforms as a result of the newly released DeFi broker tax regulations.
Blockchain Association files lawsuit against IRS over its new DeFi regulations
The Blockchain Association has filed a lawsuit against the Internal Revenue Service (IRS) over its new regulations for the decentralized finance (DeFi) sector. The group is fighting against new IRS laws that will classify some protocols in the DeFi sector as brokers.
IRS targets DeFi brokers with new tax reporting rules set for 2027
The IRS is going after decentralized finance (DeFi) brokers with a vendetta. If left, starting in 2027, these brokers will be required to report every dime made in crypto sales. The new rules fall under section 6045 of the Internal Revenue Code and are part of this big push to extend traditional tax regulations to
IRS Targets Front-End Services In DeFi Reporting Final Regulations
IRS issued much anticipated final regulations on DeFi informational reporting on December 27, 2024. This clarifies requirements and exclusions for DeFi participants.
IRS and Treasury Finalize DeFi Broker Regulations, Market Experts Decry ‘Overreach’
The U.S. Treasury Department and the Internal Revenue Service have unveiled a tax reporting framework that will affect the fast-growing DeFi
IRS to tax DeFi as crypto reporting rules finalized
The U.S. Internal Revenue Service (IRS) issued final regulations requiring brokers to report digital asset transactions, integrating decentralized finance (DeFi) platforms
The IRS's New Broker Plan
It is the last Friday of 2024, so naturally there's a 115-page Internal Revenue Service final rule to dig through. The Infrastructure Investment
IRS DeFi broker rule ‘absolutely should be challenged,’ says Uniswap CLO
Crypto executives and legal professionals are doubtful that the United States Internal Revenue Service’s (IRS) new ruling, ...
The Daily Hodl1h
Crypto Stakeholders Protest As U.S. Treasury Department and IRS Finalize New DeFi Broker Reporting Rule
Crypto stakeholders are protesting as the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalize new ...
Coingape1h
DeFi Education Fund Sues US IRS Over Controversial Tax Rules
The US IRS wants DeFi protocols to take user's KYC and report transactions for tax purposes, driving kickback from the DeFi ...
IRS issues rules on digital asset reporting, says front-ends are brokers
The United States Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset ...
https//beincrypto.com10h
IRS Faces Legal Pushback Over New DeFi Compliance Rules
Crypto advocacy groups have filed a lawsuit against the IRS over new regulations classifying DeFi platforms as brokers ...
cryptonews13h
Uniswap CLO Says IRS Ruling on DEXs Should Be Challenged
The IRS' latest ruling requiring DEXs to adhere to the same reporting standards as traditional brokers has drawn sharp ...