{"id":53800,"date":"2025-11-18T09:43:54","date_gmt":"2025-11-18T02:43:54","guid":{"rendered":"https:\/\/hbbgroup.net\/white-house-weighs-irs-bid-to-tax-foreign-crypto-accounts-via-carf\/"},"modified":"2025-11-18T09:43:54","modified_gmt":"2025-11-18T02:43:54","slug":"white-house-weighs-irs-bid-to-tax-foreign-crypto-accounts-via-carf","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/white-house-weighs-irs-bid-to-tax-foreign-crypto-accounts-via-carf\/","title":{"rendered":"White House weighs IRS bid to tax foreign crypto accounts via CARF"},"content":{"rendered":"<div data-gtm-locator=\"articles\" data-v-0ccfa88e>\n<article id=\"article-230716\" data-v-0ccfa88e>\n<p itemprop=\"description\" data-v-0ccfa88e> The White House is reviewing a proposal to join an international crypto tax standard that could deter Americans from moving their digital assets to offshore exchanges. <\/p>\n<div data-v-0ccfa88e><picture><source media=\"(min-width: 1200px)\" ><source media=\"(min-width: 992px)\" ><source media=\"(min-width: 768px)\" ><source media=\"(min-width: 480px)\" ><img  loading=\"eager\" fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1434\/https:\/\/s3.cointelegraph.com\/uploads\/2025-11\/019a941f-cb7f-71db-bbff-e60545432d43\" alt=\"White House weighs IRS bid to tax foreign crypto accounts via CARF\"><\/picture><\/div>\n<div data-v-0ccfa88e>\n<div data-v-0ccfa88e>\n<p>The White House is reviewing the Internal Revenue Service\u2019s proposal to join the global Crypto-Asset Reporting Framework, which would provide the tax department with access to Americans\u2019 foreign crypto account data.<\/p>\n<p>Adoption of the \u201cBroker Digital Transaction Reporting\u201d proposal \u2014 submitted to the White House last Friday \u2014 would put the US crypto tax system in line with <a href=\"https:\/\/www.oecd.org\/content\/dam\/oecd\/en\/networks\/global-forum-tax-transparency\/commitments-carf.pdf\" rel=\"noopener nofollow\" target=\"_blank\">72<\/a> other countries that have committed to implementing CARF by 2028.<\/p>\n<p>While the proposal wasn\u2019t categorized as \u201ceconomically significant\u201d by the IRS, the rule would force Americans to be far more stringent in <a href=\"https:\/\/cointelegraph.com\/learn\/articles\/how-to-file-crypto-taxes\">reporting capital gains tax<\/a> from foreign crypto platforms.<\/p>\n<figure>    <img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-11\/019a947b-142b-7c70-8c23-63c92731d045\" title><figcaption><em>Details of the Broker Digital Transaction Reporting proposal submitted to the White House. Source: <\/em><a href=\"https:\/\/www.reginfo.gov\/public\/do\/eoDetails?rrid=1169515\" rel=\"https:\/\/www.reginfo.gov\/public\/do\/eoDetails?rrid=1169515\" target=\"https:\/\/www.reginfo.gov\/public\/do\/eoDetails?rrid=1169515\" title=\"https:\/\/www.reginfo.gov\/public\/do\/eoDetails?rrid=1169515\"><em>US Government<\/em><\/a><\/figcaption><\/figure>\n<p>In late July, the White House\u2019s crypto policy recommendations report stated that implementing CARF would discourage American taxpayers from moving their digital assets to <a href=\"https:\/\/cointelegraph.com\/news\/cftc-pathway-americans-trade-offshore-crypto-exchanges\">offshore exchanges<\/a> and thus not put <a href=\"https:\/\/cointelegraph.com\/news\/kraken-mica-license-ireland\">US crypto platforms<\/a> at a disadvantage.<\/p>\n<h2>More than one-third of the world has signed up to CARF<\/h2>\n<p>CARF is <a href=\"https:\/\/cointelegraph.com\/learn\/articles\/crypto-asset-reporting-framework-carf\">set to be rolled out <\/a>in 2027, with 50 countries to join, including Brazil, Indonesia, Italy, Spain, Mexico and the UK. Another 23 countries \u2014 including the US \u2014 have seemingly committed to implementing CARF by 2028.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"18190687\"><\/template><\/p>\n<p>CARF was established by the Organization for Economic Cooperation and Development in late 2022 to enable member nations to share cryptocurrency data for the purpose of combating international tax evasion.<\/p>\n<p>Crypto has presented a challenge for tax authorities, as users can transfer assets across borders instantly, hold funds in self-custody wallets outside the traditional banking system, and transact pseudonymously.\u00a0<\/p>\n<h2>US to roll out tougher local crypto tax rules in 2026<\/h2>\n<p>The US is set to roll out 1099-DA forms in January 2026, which will require US-based crypto exchanges to report more detailed transaction data, including both inward and outward transfers.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/crypto-market-structure-influence-us-midterms\"><em><strong>How market structure votes could influence 2026 crypto voters<\/strong><\/em><\/a><\/p>\n<p>US-based crypto tax lawyer Clinton Donnelly <a href=\"https:\/\/x.com\/CryptoTaxFixer\/status\/1989369483908337758\" rel=\"noopener nofollow\" target=\"_blank\">said<\/a> the 1099-DA would mark the beginning of the end of <a href=\"https:\/\/cointelegraph.com\/news\/fatf-regulations-is-it-the-end-of-crypto-anonymity\">crypto anonymity <\/a>in a post to X last Friday.<\/p>\n<p data-ct-non-breakable=\"undefined\">\u201cRight now, the IRS doesn\u2019t have instant visibility into everything you\u2019re doing on the blockchain. However, that\u2019s about to change,\u201d Donnelly said, adding:<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cA few years down the road, with better tools and data integration, they\u2019ll be able to scan blockchain networks at scale to identify major non-reporters, and target them for audits.\u201d<\/p><\/blockquote>\n<p><em><strong>Magazine: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/magazine\/elon-musk-grokipedia-far-right-or-necessary-wikipedia-competitor\/\"><em><strong>Grokipedia: \u2018Far right talking points\u2019 or much-needed antidote to Wikipedia?<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p><img decoding=\"async\" alt src=\"https:\/\/zoa.cointelegraph.com\/pixel?postId=230716&#038;regionId=1\" data-v-0ccfa88e><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The White House is reviewing a proposal to join an international crypto tax standard that could deter Americans from moving [&hellip;]<\/p>","protected":false},"author":5,"featured_media":53801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-53800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/53800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=53800"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/53800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/53801"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=53800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=53800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=53800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}