Tag: tax gap
Congress Calls for Urgent Tax Regulations on Cryptocurrency to Tackle Compliance Issues
Congress calls for IRS and Treasury to implement regulations to tackle tax evasion in the cryptocurrency industry, outlining the need for compliance.
Possible Delay in Crypto Reporting Requirements: What This Means for Investors and Taxpayers
Explore the potential delay of new crypto reporting rules and its implications for investors and taxpayers under the latest infrastructure bill.
Norwegian Tax Authority Warns Crypto Traders: File Your Taxes or Face Consequences
The Norwegian Tax Authority advises crypto traders to declare their holdings before the April 30 deadline or risk facing additional taxes.
Ohio Lawmaker Aims to Tighten Crypto Tax Regulations
Senator Rob Portman seeks to close the tax gap caused by crypto earnings with new bipartisan legislation. Is this the change U.S. taxpayers need?
The IRS vs. Crypto Holders: The High-Stakes Tax Showdown
Explore how the IRS is shifting from education to enforcement against crypto holders in 2021, revealing consequences for unreported earnings.
