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Cryptocurrencies: 30360
Markets: 109411
Market Cap: $2,682,312,555,400     
24h Vol: $86,071,715,590
Cryptela — Cryptocurrency News and Market Intelligence
Coin-turk.com 2023-08-03 14:58:47

Senator Warren Urges IRS to Tighten Tax Reporting Regulations for Crypto Brokers

Senator Warren Urges IRS to Tighten Tax Reporting Regulations for Crypto Brokers
Senator Elizabeth Warren, along with three other US Senators, expressed concerns to the Internal Revenue Service (IRS) about the need to tighten tax reporting regulations for organizations trading with cryptocurrency brokers. The senators’ common concern stems from the anticipated $1.5 billion tax revenue shortfall in the 2024 fiscal year due to existing regulatory loopholes.The post Senator Warren Urges IRS to Tighten Tax Reporting Regulations for Crypto Brokers appeared first on COINTURK NEWS.
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