Virginia Society of Tax & Accounting Professionals - N-2025-03: To provide for transitional relief on reporting of information and backup withholding on digital assets

Home
Resources
IRS Tax News
N-2025-03: To provide for transitional relief on reporting of information and backup withholding on digital assets

N-2025-03: To provide for transitional relief on reporting of information and backup withholding on digital assets

07 Jan 2025 10:59 AM | Anonymous

Notice 2025-03 provides transitional relief under provisions of the Internal Revenue Code with respect to the reporting of information and backup withholding on digital assets for digital asset brokers providing trading front-end services.

Notice 2025-03will be published in Internal Revenue Bulletin 2025-4, on Jan. 21,2025.

is a 501(c)6 non-profit organization.

8100 Three Chopt Rd. Ste 226 | Richmond, VA 23229 | Phone: (800) 927-2731 | asv@virginia-accountants.org