The IRS Should Be Encouraging Staking Activity in the U.S.

The IRS Should Be Encouraging Staking Activity in the U.S.

The IRS has failed to provide taxpayers with clarity about the correct tax treatment of various crypto-related transactions, notably for those who earn token rewards from staking on proof of stake blockchains. Stephen Turanchik of Paul Hastings says it’s time for the U.S. to treat proof of stake fairly for the sake of American innovation.”

Read the entire original article here.

SCHEDULE MY FREE CALL

With Tax Hive’s years of experience in tax and business services, we use our expertise to make your life easier so you can focus on building your business. Ever changing rules require a team who knows you, your business and the tax implications. Our tax professionals meet your needs while helping you manage tax risk, control costs and reap maximum benefit. If you’re ready to get started, CLICK HERE to schedule a FREE strategy session with one of our specialists today.

Schedule your FREE 15 minute call now!
X
X

YOU'RE ALL SIGNED UP!

Please check your inbox for our confirmation email
and your free eBook.