IRS Code Section 6045 is set to take effect for crypto transactions occurring after Jan. 1, 2025. There’s a lot of debate and controversy over this change. Find out why.
DESIGNED FOR
CPAs and accountants involved with reporting crypto transactions for their company or clients
BENEFITS
Understand what will be required under IRS Code Section 6045.
HIGHLIGHTS
- Why 6045 makes compliance harder
- Notification problem for centralized crypto exchanges
- Potential reconciliation issues between 1099s and taxpayer records