The U.S. Treasury recently revealed a proposal to strengthen tax compliance in that world’s largest economy, which includes businesses reporting crypto transfers worth at least $10,000 to the United States Internal Revenue Service.
In a report released by the U.S Treasury agency, it highlighted businesses should also report their crypto transactions.
“As with cash transactions, businesses that receive crypto assets with a fair market value of more than $10,000 would also be reported on,” the Treasury Depart
The U.S. Treasury recently revealed a proposal to strengthen tax compliance in that world’s largest economy, which includes businesses reporting crypto transfers worth at least $10,000 to the United States Internal Revenue Service.
In a report released by the U.S Treasury agency, it highlighted businesses should also report their crypto transactions.
“As with cash transactions, businesses that receive crypto assets with a fair market value of more than $10,000 would also be reported on,” the Treasury Depart