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Congress must clarify how the infrastructure bill will impact ...
WebNov 6, 2024 · Section 80603 of the Infrastructure Investment and Jobs Act (H.R. 3684) clarifies reporting requirements, so that taxpayers do not unknowingly fail to report cryptocurrency gains. Obviously, the U.S. government hopes that these reporting requirements will increase tax revenues on cryptocurrency gains. WebSep 13, 2024 · If the infrastructure bill ultimately passes, which is uncertain since it is tied to the larger $3.5 trillion spending and budget package from the Biden administration that Republicans uniformly oppose, the crypto industry is expected to lobby the Treasury Department to narrow the definition of “broker” in the tax regulations that would ... sons of ben scarf
US lawmakers introduce bipartisan bill to modify a crypto tax …
WebNov 8, 2024 · Aside from the cryptocurrency reporting rules, the infrastructure package includes billions of dollars to improve roads, bridges, and other physical infrastructure across the country. The... WebJul 30, 2024 · For over 10 years, the space has had zero regulatory clarity, but it took the Senate all of a few days to use crypto taxes as pay-fors for a bloated infrastructure deal,” Rep. Warren Davidson (R ... WebNov 21, 2024 · The crypto tax element of the $1 trillion U.S. infrastructure bill is not clearly written, and the government risks squashing a burgeoning part of the economy. Congress must clarify how the ... small plastic fencing