Crypto Taxes

IRS

Crypto Stakers’ IRS Tax Refund Marks Milestone for PoS Validators

There may be good news ahead for those looking to earn new tokens by providing security to major blockchains that operate using proof-of-stake.  Joshua and Jessica Jarrett on Dec. 20 received a letter from the Department of Justice saying that the Internal Revenue Service (IRS) had approved a full refund of their 2019 taxes against …

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MakerDAO Ponders the Unthinkable as Members Debate Incorporation and Paying Taxes

Should DAOs pay taxes? And, if so: Where? There’s a conversation underway in MakerDAO about how it should relate to the governments of the world, which has implications for the whole DeFi industry. In short, people are talking about whether or not MakerDAO should find a way to pay its taxes. “I don’t think anyone …

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Crypto Laws, Lobbying & Activism: The Time Has Come For DeFi to Get Serious About D.C.

Earlier this month when the infrastructure bill came with a provision to broadly expand the definition of brokers to include blockchain ecosystem participants such as miners, developers, and others, the crypto industry sprung into action.  Builders, investors, enthusiasts, lawyers, and everyone in between embarked on an all-out effort to add to the Lummis-Tooly-Wyden amendment and …

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