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New IRS Guidance on Cryptocurrency

Navigating Evolving Tax Rules for Digital Assets: What Taxpayers Must Know The IRS has introduced new guidance regarding cryptocurrency taxation, including Revenue Procedure 2024-28 and Notice 2025-7. These changes aim to clarify reporting obligations and enhance tracking requirements for digital

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March 6, 2025 No Comments
Tax blog
iFind Taxpro

Navigating the Unused Digital Asset Basis Safe Harbor

Advice for Practitioners: Simplifying the IRS’s Latest Guidance on Digital Asset Reporting The IRS has introduced significant updates on digital asset reporting, giving taxpayers an opportunity to manage unused basis before new rules take effect in 2025. These changes, outlined

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November 27, 2024 No Comments
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