IRS grants temporary relief on crypto tax reporting rules amid legal challenges

The Internal Revenue Service (IRS) issued temporary relief on crypto cost-basis reporting rules, potentially averting increased tax liabilities for digital asset investors. The decision reflects the agency’s recognition of the complexities in crypto taxation and the need for regulatory adaptability in response to evolving markets. Tax relief The relief postpones the implementation of a rule... source: https://cryptoslate.com/irs-grants-temporary-relief-on-crypto-tax-reporting-rules-amid-legal-challenges/