The US Treasury announced that all transfers in cryptocurrencies over $ 10,000 will have to be reported to the IRS

Monede virtuale Bitcoin - pexels- Roger Brown Foto: Monede virtuale (Pexels / Roger Brown)

The US Treasury has announced that the Biden administration’s proposal to strengthen tax compliance includes a requirement for cryptocurrency transfers of $10,000 or more be reported to the IRS, Bloomberg reports.

“As with cash transactions, companies that conduct cryptocurrency transactions with a market value of more than $ 10,000 will be reported,” the Treasury Department said in a report on tax proposals released Thursday.

The treasury said reporting was needed “to minimize incentives and the opportunity to hide revenues from the new reporting regime.” The Treasury noted that cryptocurrency accounts for a small part of current business transactions.

Analize Economedia

MixCollage-21-Dec-2024-07-15-PM-1798
economie 2024
grafic crestere dreamstime
tranzactii calcula fuziuni
locuinta constructii bricolaj
salariu, bani, lei
turcia, ankara, steag, flag, drapel, istanbul, alegeri
bani, lei, bancnote, cash, numerar
bursa, indice bursier, investitii, scadere, grafic
bursa, indice bursier, investitii, scadere, grafic
inflatie bani echilibru balanta
la veterinar
camioane UMB autostrazi
Donald Trump
Colaj bani lei Marcel Ciolacu
Bani, investitie, economii
Marcel Ciolacu, premier
Incredere
constructii, locuințe, bloc, muncitori, șantier
cristian mihai ciolacu, nepotul premierului
Emil Boc, Sorin Grindeanu
Ministerul Energiei Sursa foto Peter Szijjarto
tbb foto event
productie, fabrica
Donald Trump, Trumponomics
euro, moneda, bancnote, bani
bani, finante, lei, financiar, deficit
Mugur Isarescu, guverantorul BNR
Azomures
inflatie bani echilibru balanta

“Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” the Treasury said in a release.

Urmărește mai jos producțiile video ale Economedia: