WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Key Takeaways The United States has entered a new regulatory era for cryptocurrency transactions as key provisions of the Infrastructure Investment and Jobs Act, signed into law by President Joe Biden in November 2021, take effect. These changes include stringent…
The frequency of investigations pertaining to digital asset reporting has increased, according to the United Internal Revenue Service's (IRS) Criminal Investigation (CI) Unit.
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
In a letter of comment, the Blockchain Association mostly opposed the tax legislation that the IRS had proposed.
IRS has issued a new judgment requiring cryptocurrency investors to declare crypto staking rewards as gross income.
Key Takeaways Authorities in the United States, led by the Internal Revenue Service (IRS), are actively pursuing cases against wealthy Americans, hedge fund managers, and crypto traders suspected of exploiting Puerto Rico’s favorable tax regime to evade tax payments. According…
Against Alameda Research, it is alleged that $20.4 billion in unpaid partnership and income taxes have been assessed.
Staking (also referred as proof-of-stake) is a popular way of verifying blockchain transactions. Mining (or proof-of-work), another way of authenticating blockchain-based transactions, is sometimes compared to it. While the goal of staking is the same as that of mining (validating…
