United States of America: Transitional Guidance on Reporting of Digital Assets Transactions
Progress
Current status
under deliberation
16 Jan 2024 under deliberation
Scope
Implementers
United States of America
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Government Branch
executive
Government Body
tax authority
Implementation Level
national
Timeline of events
Announced transitional guidance on reporting of digital assets transactions
On 16 January 2024, the United States Treasury Department and Internal Revenue Service (IRS) announced that businesses are not required to report transactions involving digital assets in the same manner as cash transactions until further regulations…
SourceEvent type
order
Action type
announcement
Government branch
executive
Government body
tax authority