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No, IRS may not write off taxes on crypto staking rewards so easily, claim experts
Crypto news was abuzz recently with speculation of the U.S Internal Revenue Service (IRS) writing off the tax on income generated from unsold staked cryptocurrencies. Many, including crypto influencerThe post No, IRS may not write off taxes on crypto staking rewards so easily, claim experts appeared first on AMBCrypto. дальше »
2022-2-4 19:30 | |
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IRS signals tax case retreat on staking, but the rules haven’t changed for everyone else
In 2019 Joshua Jarrett earned block rewards on proof-of-stake networks, paid taxes as if those rewards were income, and in line with IRS’ limited guidance on how block rewards should be taxed. The post IRS signals tax case retreat on staking, but the rules haven’t changed for everyone else appeared first on CryptoSlate. дальше »
2022-2-4 18:41 | |
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XTZ Stakers Sue IRS Over ‘Wrongful Taxation’ of Their Tezos Baking Rewards
According to a filing sent to the U. S. District Court for the Middle District of Tennessee, the couple, Jessica and Joshua Jarret are asking the IRS to refund taxes paid on the staking rewards claiming they are untaxable before they are sold or exchanged. дальше »
2021-5-27 19:25 | |
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The Challenge of Taxing Proof-of-Stake
Cointelegraph examines the basis of Congress calling out the IRS for threatening to tax proof-of-stake rewards beyond their actual value. дальше »
2020-8-21 16:30 | |
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U.S. Congress appeals for a fair tax on crypto staking rewards
A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for a fairer tax on staking rewards, a Coin Center letter revealed Tuesday. However, a tax must be levied when such rewards are sold, instead of acquired, said the Congressmen. дальше »
2020-8-6 23:01 | |
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U.S. Congress appeals for zero tax on crypto staking rewards
A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for zero tax on staking rewards, a Coin Center letter revealed Tuesday. However, a tax must be levied when such rewards are sold, instead of acquired, said the Congressmen. дальше »
2020-8-6 23:01 | |
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4 US Congressmen Send IRS Guidelines On Taxing Proof-Of-Stake (PoS) Network Rewards
In a letter addressed to the Internal Revenue Service (IRS), four members of Congress – Rep. David Schweikert (R-AZ), Bill Foster (D-IL), Tom Emmer (R-MN), and Darren Soto (D-FL) – asked the taxation authority to take it easy on applying taxes on proof-of-stake (PoS) tokens. дальше »
2020-8-5 15:28 | |
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Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards
Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards.
дальше »2020-8-5 22:13 | |
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