by: xpoolPosted on:

U.S. Moves Towards Crypto Tax Standardization with CARF

Cryptocurrency’s global growth has driven regulatory efforts to catch up, with a new focus on international tax reporting. The Trump administration is exploring regulations that would give the IRS access to foreign cryptocurrency accounts via the Common Reporting Standard for Automatic Exchange of Financial Account Information (CARF), potentially revolutionizing U.S. crypto tax practices.

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