IRS plans lower tax disclosure penalties, including for crypto: Forbes

The US tax agency is targeting faster resolutions and more flexible payment options for taxpayers voluntarily disclosing past tax violations under a planned program overhaul.
Key Takeaways
- The US tax agency is targeting faster resolutions and more flexible payment options for taxpayers voluntarily disclosing past tax violations under a planned program overhaul.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Argentine Court Clears President Milei of All Charges in Libra Crypto Case
In a ruling issued Friday afternoon, charges against President Javier Milei, his sister Karina, and other defendants were dismissed after a court found that the losses associated with the launch of the Libra meme coin were not sufficient to constitute a scam.…

Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption.

Netanyahu Considering Crypto Plan to Dodge Banking Sanctions on Israel
Days before Israel’s election, Netanyahu said he has asked for a blockchain plan in case banks are hit with sanctions, and told Israelis to prepare for a rainy day after Trump.