TaxReform
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🚨Regulation 🇺🇸 : The IRS postpones its new tax rules on cryptocurrencies until 2026🚨
🔥The IRS is delaying its controversial cryptocurrency tax rules until 2026, offering investors relief from inadequate accounting constraints.
1-The IRS has postponed the application of new tax rules imposing the FIFO method for cryptocurrency sales until 2026, thus avoiding immediate negative financial impacts for investors.
2-The FIFO method, considered unsuitable in a bull market, would have forced investors to maximize their taxes, increasing the pressure on their portfolios in the absence of accounting alternatives.
3-The postponement allows exchanges to develop suitable tools and investors to better understand tax options, highlighting the contrast with the clearer MiCA regulations in Europe.
#irs #TaxReform
🔥The IRS is delaying its controversial cryptocurrency tax rules until 2026, offering investors relief from inadequate accounting constraints.
1-The IRS has postponed the application of new tax rules imposing the FIFO method for cryptocurrency sales until 2026, thus avoiding immediate negative financial impacts for investors.
2-The FIFO method, considered unsuitable in a bull market, would have forced investors to maximize their taxes, increasing the pressure on their portfolios in the absence of accounting alternatives.
3-The postponement allows exchanges to develop suitable tools and investors to better understand tax options, highlighting the contrast with the clearer MiCA regulations in Europe.
#irs #TaxReform