CryptoCurrency Owners Must Report To IRS Under New Law Debated in Congress

If you own Bitcoin, Ethereum, Dogecoin or another cryptocurrency and you “stake” it or “mine” or “validate” coins, you could be subject to new IRS reporting requirements under the $1.2 billion infrastructure bill the Senate Is scheduled to vote.

This would be in addition to existing taxes on gains on crypto when you sell or use it for any purchases.

The Biden Administration supports the bill. If the Senate approves the bill, it will then go back to the House for reconciliation.

Do you own crypto? Are you worried about this? What do you think? Tell us at hudson tv

HUDSON TV CONTEST READ BELOW

========================================================================

EARN $$$ WITH YOUR PHOTOS OR VIDEOS

Once a month, Starting Jan 1st, 2022, We will be giving away up to $300.00 dollars for photos or videos of breaking news that get the most engagement on our Social Media pages.

To Participate, Please send us an email to info@hudsontv.com with your name, phone number, and photos or videos of breaking news with a brief description of the location and time taken.

Please note the following:

  1. You must own the content.
  2. Photos or Videos published on social media pages or any other news outlets, DO NOT qualify.

Good luck to All.