IRS reminds taxpayers of crypto income reporting ahead of 2022 filing

With the deadline approaching for filing the 2022 federal income tax return, the Internal Revenue Service (IRS) — an enforcement agency of United States federal tax laws — released a list of reporting requirements for the general public dealing with cryptocurrencies.

Until 2021, the IRS used the term “virtual currencies” in income tax-related reporting forms, which have been updated to “digital assets.” All U.S. citizens must answer questions about cryptocurrencies “regardless of whether they engaged in any transactions involving digital assets.”

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A bill recently pitched during the first session of the Arizona State Senate in 2023 proposed having Arizona residents decide on amending the state’s constitution in regard to property taxes.

As Cointelegraph reported, the SCR 1007 bill went through two readings as part of the state Senate’s calendar, on Jan. 19 and Jan. 23.