Coin Heart Sues US Treasury Over ‘Unconstitutional’ Tax Reporting Rule

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The requirement, which is able to take impact in 2024, requires U.S. taxpayers who obtain over $10,000 in cryptocurrency to report the Social Safety numbers and different private data of the sender. The availability was one in all a number of included in final 12 months’s infrastructure invoice, which additionally included a controversial crypto tax reporting requirement that utilized to brokers. That provision galvanized a large business backlash, though the prevision was finally unsuccessful.

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