Article Image
IPFS News Link • Internal Revenue Service

U.S. seeks to have cryptocurrency transfers above $10k reported to IRS – Treasury

•, superadmin

"As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on," the Treasury Department said in a report released alongside its wider proposals aimed at improving tax collection.

(Reporting By Dan Burns; Editing by Chizu Nomiyama)