Search Results for keywords:"regulations"

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Search Results: keywords:"regulations"

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  • 2024-30496 — Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales
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    Type:Rule
    Citation:89 FR 106928
    Reading Time:about 3 hours

    The Treasury Department and the Internal Revenue Service (IRS) have finalized rules for reporting digital asset transactions performed by brokers. These new regulations, effective January 1, 2027, require brokers who regularly facilitate digital asset sales, like those in decentralized finance (DeFi), to provide forms reporting gross proceeds from these transactions. The rules primarily apply to trading front-end service providers, who are best positioned to report on such transactions due to their close interaction with customers. The regulations aim to enhance tax compliance by ensuring digital asset transactions are reported similarly to traditional financial trades.

    Simple Explanation

    The new rules make digital money helpers tell the IRS about how much they sell for people starting in 2027, just like if they were selling regular stuff. This helps make sure everyone pays the right amount of taxes!

  • 2024-27373 — World Heritage Convention
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    Type:Proposed Rule
    Citation:89 FR 96144
    Reading Time:about 39 minutes

    The National Park Service is proposing changes to how the U.S. participates in the World Heritage Convention. These updates aim to align U.S. regulations with the latest guidelines from UNESCO regarding cultural and natural heritage sites. The proposal includes refining procedures for nominating U.S. sites to the World Heritage List, ensuring adequate legal protection for nominated sites, and encouraging public involvement in heritage preservation. The public is invited to comment on these proposed rules, with feedback due by February 3, 2025.

    Simple Explanation

    The National Park Service wants to update how the U.S. chooses special places to be part of a global list of important sites, like old buildings and beautiful parks. They want people to help by sharing their thoughts on these updates by February 2025.

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