Sherman Reacts to Biden Admin Crypto Tax Reporting Rule Proposals
August 30, 2023
August 30, 2023
WASHINGTON, Aug. 30 -- Rep. Brad Sherman, D-California, issued the following news release on Aug. 29, 2023:
The Biden administration proposed new rules for cryptocurrency brokers as Congress and regulatory agencies are looking to crack down on crypto tax evasion. The new rules would require cryptocurrency brokers to report information on digital asset sales and exchanges to the Internal Revenue Services (IRS) and taxpayers.
"Cryptocurrency means 'hidden money& . . .
The Biden administration proposed new rules for cryptocurrency brokers as Congress and regulatory agencies are looking to crack down on crypto tax evasion. The new rules would require cryptocurrency brokers to report information on digital asset sales and exchanges to the Internal Revenue Services (IRS) and taxpayers.
"Cryptocurrency means 'hidden money& . . .