The Treasury and the IRS issued proposed regulations on Jan. 8 to align backup withholding rules with the One Big Beautiful Bill Act's restoration of the original $20,000 and 200-transaction threshold ...
On June 12, 2025, the Internal Revenue Service (IRS) released Notice 2025-33 which extends for an additional calendar year the transitional relief initially provided in Notice 2024-56 to brokers ...
The digital asset ecosystem continues to evolve, driven by technological advancements and shifting regulatory frameworks. Recent updates from the IRS and insights from Taxbit and other industry ...