Today's Top #2: Refusing new IRS crypto tax forms could cost you your exchange account

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.

https://www.reddit.com/r/CryptoCurrency/comments/1rnxdeb/refusing_new_irs_crypto_tax_forms_could_cost_you/