A year ago, we indicated how the IRS and other government organizations were increasing regulations for digital assets and crypto brokers in our blog. Now we can confirm the specific reports, instructions and the due date for these tax forms. Beginning with transactions in calendar year 2025, brokers who facilitate digital asset transactions (such as
We told you already back in May 2025, but now it’s a reality. This shift is part of the government’s broader transition to electronic payments—a change we previously warned our readers about in our earlier blog post Federal Payments Are Going Fully Digital. The IRS and U.S. Treasury have officially announced that paper refund checks
A new Executive Order signed by President Trump on March 25, 2025 requires every federal agency to stop issuing and accepting paper checks by September 30, 2025. From that date forward, tax refunds, Social Security, vendor payments, and even taxes or fees you send to the government must move through secure electronic channels (direct deposit,
