Crypto Transactions Over $10,000 Face Stricter IRS Scrutiny Under New US Rules

In 2024, the Internal Revenue Service (IRS) will enforce new regulations requiring detailed reporting of digital asset transactions exceeding $10,000. This move, stemming from the bipartisan infrastructure bill signed by President Joe Biden in 2021, targets crypto brokers, compelling them to disclose comprehensive transaction details to the IRS. Brokers Under Scrutiny The legislation highlights crypto The post Crypto Transactions Over $10,000 Face Stricter IRS Scrutiny Under New US Rules appeared first on CoinGape .