2025-5-14 22:51 |
Senators push Treasury to fix crypto tax rule hurting U.S. firms origin »
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U. S. Senators Elizabeth Warren and Angus S. King, Jr. are pressing the U. S. Department of the Treasury and the Internal Revenue Service (IRS) to hasten the implementation of recently proposed tax reporting rules for cryptocurrency brokers.
2023-10-12 06:00 | |
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The crypto tax reporting requirements proposed by the IRS in August are currently scheduled to go into effect in 2026 — according to 7 senators, that isn't soon enough.
2023-10-12 00:45 | |
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US Senators urge Treasury and IRS to implement crypto tax rules by December 2023, warning of potential $1.5 billion revenue loss. Four U.S. Senators, Elizabeth Warren, Robert P. Casey, Jr., Richard Blumenthal, and Bernard Sanders, have sent a letter to…
2023-8-3 16:25 | |
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In a recent letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, US Senators led by Elizabeth Warren have demanded prompt action on implementing new tax reporting requirements for digital asset brokers.
2023-8-3 13:00 | |
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Two U.S. Senators have introduced a new bill to try and eliminate capital gains tax on crypto purchases less than $50. The post US Senators Introduce Bill to Make Crypto Purchases Less Than $50 Tax-Free appeared first on BeInCrypto.
2022-7-27 10:00 | |
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A bipartisan bill from Senators Patrick Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) proposes tax exemptions on crypto transactions up to $50. The post US Senators propose bill to exempt crypto transactions under $50 from taxation appeared first on CryptoSlate.
2022-7-26 20:21 | |
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The bill would provide tax exemption on bitcoin transactions for less than $50 or trades netting a gain of less than $50.
2022-7-26 18:09 | |
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Democrat Senator Kirsten Gillibrand (D, NY) and well-known pro-crypto Senator Cynthia Lummis (R, WY) have drafted a proposal exempting crypto capital gains of less than $600 from being taxed. The post Senators Propose New Crypto Bill Limiting Capital Gains Tax appeared first on BeInCrypto.
2022-5-2 16:00 | |
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Tax evasion is a serious charge, which is why many were surprised that one of the US Senators would throw accusations of tax evasion so easily against the world’s most popular billionaire, Elon Musk.
2021-12-16 20:20 | |
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US senators Ron Wyden and Cynthia Lummis rush to tweak the controversial crypto provision, in an effort to narrow some of the new tax reporting rules outlined in the $1,2 trillion infrastructure bill President Joe Biden signed into law on Monday, Bloomberg reported.
2021-11-17 06:30 | |
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On Monday, President Joe Biden signed the $1 trillion infrastructure bill that contains the controversial over-reaching cryptocurrency tax definition. The bill-signing ceremony was held on the White House South Lawn, where members of both parties came as a bipartisan show of support for the new legislation.
2021-11-17 19:31 | |
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A pair of U.S. senators are introducing a bill to limit some of the cryptocurrency tax reporting rules in President Biden’s infrastructure legislation. The post U.S. Senators Introducing Bill Limiting Crypto Tax in Biden’s Plan appeared first on BeInCrypto.
2021-11-17 19:05 | |
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A separate bipartisan bill aims to soften new cryptocurrency tax reporting requirements
2021-11-15 21:41 | |
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The IRS is again playing a good and a bad cope with Americans as ambiguous tax bills proposed by Senators have been met with mixed feelings in the cryptocurrency community. The post Latest Cryptocurrency Tax Moves in the U.S. Explained appeared first on BeInCrypto.
2021-8-9 18:00 | |
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Tesla CEO Elon Musk has weighed in on the discussion surrounding a proposed crypto tax provision. The provision, part of the infrastructure bill, will go to a vote on August 7. Meanwhile, United States senators Patrick Toomey, Ron Wyden, and Cynthia Lummis have suggested an amendment to that provision, working in favor of Proof of Work miners.
2021-8-7 13:34 | |
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Senators Rob Portman and Mark Warner proposed an amendment on Thursday to the crypto tax reporting rule that was tabled days earlier by the senate infrastructural bill’s cryptocurrency provision. The new amendment states briefly that the proposed reporting requirements exclude proof-of-work mining as well as the sale of software and hardware that support hot and […]
2021-8-7 16:55 | |
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Meanwhile, senators Pat Toomey and Ron Wyden are calling to “fix” crypto tax provision in the bipartisan infrastructure bill. The post Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen.
2021-8-3 16:14 | |
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US President Joe Biden and the bipartisan group announced the details of a historic $550 billion federal investment in the country’s infrastructure as the Senate intends to tighten crypto taxes in order to raise $28 billion that would contribute to the funding, Bloomberg reported.
2021-7-30 20:00 | |
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The proposals seek to have all transactions of $10,000 or more reported to the… The post US Senators propose crypto tax to raise $28BN for infrastructure appeared first on Coin Journal.
2021-7-30 13:59 | |
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Republican senators Dennis Acton and Michael Yakubovich of New Hampshire have introduced House Bill 470 that seeks to allow state agencies to accept cryptocurrencies as payment. State Treasury, Department of Administrative Services, and the Department of Revenue Administration have been contacted to give their feedback on the issue. For the bill, the Department of Administrative […]
2019-1-24 12:41 | |
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