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    Refusing new IRS crypto tax forms could cost you your exchange account
    Cryptocurrency

    Refusing new IRS crypto tax forms could cost you your exchange account

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    10 Comments

    1. coinfeeds-bot on

      tldr; The IRS has proposed a rule requiring crypto exchanges to deliver Form 1099-DA electronically, reporting digital asset trades. Customers refusing electronic delivery may face account termination. This shift aims to streamline tax reporting and compliance, moving from paper forms to app-based notifications. Exchanges would integrate consent during account setup, and users must maintain accurate contact information. The proposal, open for public comment until May 2026, reflects broader efforts to standardize crypto tax reporting globally.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. Goatcheese1230 on

      Crypto in 2017: “Decentralized money, free from government control.”

      Crypto in 2026: “Please accept our IRS Terms & Conditions or your account will be deleted.”

      Not your forms, not your coins, I suppose. 💀

    5. uncapchad on

      *A fine is a tax for doing something wrong, a tax is a fine for doing something right*

      Get your coins of exchanges. Trade P2P

    6. MarioWilson122 on

      I suppose it depends on the exchanges, not all of them force people to do kyc. So there is no way to send those to them in that case.

    8. BitcoinMD on

      Did anyone actually read the article? It’s an existing form that they are considering making it required to submit electronically instead of offering a paper option. So the total consequence of this would be that you would receive one less piece of paper in the mail if that’s what you are opting for right now. Heavens!

    9. Toshi_Monster on

      I think it would be weird to not want electronic delivery for tax forms. I already do everything, like crypto and stocks, totally online.

    10. TaxApprehensive8024 on

      If only the Boomer I bought my 911 from would have accepted crypto …

      The war machine is hungry. Have fun, folks.