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IRS Rule Changes Coming in 2026 Bring Major Reporting Shifts for Bitcoin, Ethereum, and XRP Taxpayers

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4 months ago

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New Form 1099-DA Requirements, Full Cost-Basis Reporting, and Enhanced Compliance Reshape U.S. Crypto Taxation.

The U.S. Treasury and the Internal Revenue Service (IRS) have enacted significant reforms that will fundamentally change how cryptocurrency activity is reported and taxed in the United States. Beginning in 2026, these new rules will place expanded reporting obligations on exchanges and custodial platforms and introduce full cost-basis reporting for certain digital assets, including Bitcoin (BTC), Ethereum (ETH), and XRP.

These regulatory changes are designed to increase transparency in the cryptocurrency market, reduce errors in tax reporting, and strengthen compliance across the digital asset industry. While partial implementation begins with transactions in the 2025 calendar year, the new reporting framework will come into full force starting January 1, 2026.

As taxpayers prepare for this transition, firms such as Legal Tax Defense, Inc., a company specializing in legal tax defense and IRS debt relief services for tax levy, are tracking how the new reporting structure affects individuals and businesses involved in cryptocurrency transactions.

What Are the New IRS Rules in 2026?

One of the most significant changes is the introduction of Form 1099-DA, a new tax reporting form created specifically for digital assets. Brokers and custodial platforms are required to file Form 1099-DA for each sale or exchange of digital assets that occurs on or after January 1, 2025.

The implementation follows a two-phase approach:

  • Phase One (2025 calendar year):
    Brokers are required to report gross proceeds only. This means the IRS receives information about how much a digital asset was sold for, but not the original purchase price or cost basis.
  • Phase Two (starting in 2026):
    Brokers must report both gross proceeds and cost basis for certain digital assets classified as “covered securities.” Cost basis includes the original acquisition price of the asset, along with applicable transaction fees. This allows the IRS to calculate gains and losses more directly and reduces the likelihood of reporting errors.

While the new system improves consistency, it also requires exchanges and custodial platforms to maintain significantly more detailed internal records.

How These Changes Affect Bitcoin, Ethereum, and XRP Traders

Beginning in 2026, Bitcoin, Ethereum, and XRP trades executed on custodial platforms will be automatically reported to the IRS through Form 1099-DA. For assets that are purchased and held within the same custodial account, the platform will track cost basis and report it directly.

This enhanced reporting may simplify tax filing for traders who operate within a single platform. However, investors who move digital assets between multiple exchanges or who prefer self-custody wallets must continue maintaining their own detailed records.

When cryptocurrency is transferred from one wallet to another, the transfer itself is not a taxable event. However, cost basis information does not automatically transfer with the asset. Taxpayers must track this information to ensure accurate reporting when the asset is later sold or exchanged.

For traders holding multiple cryptocurrencies, such as Bitcoin, Ethereum, and XRP, across different platforms, accurate and complete recordkeeping becomes especially important.

Crypto-to-Crypto Trades Remain Taxable

The new reporting framework does not change the tax treatment of crypto-to-crypto transactions. Exchanging one cryptocurrency for another continues to be a taxable event and must be reported accordingly.

While improved reporting by custodial platforms may assist with tracking some transactions, traders using decentralized platforms or self-custody wallets remain responsible for calculating gains and losses on their own.

Transition Relief and IRS Enforcement Approach

Due to the complexity of the new reporting requirements, the IRS has provided transitional relief for brokers and custodial platforms. This relief protects platforms from certain penalties during the early implementation period, provided they make a good-faith effort to comply with the new rules.

This transitional relief applies to platforms, not taxpayers. The IRS has continued enforcement efforts related to unreported cryptocurrency income, signaling that taxpayers remain responsible for complying with all reporting requirements. As the new reporting system becomes routine, enforcement is expected to become more precise.

Policy Reversal Affecting DeFi and Decentralized Exchanges

In early 2025, Congress rolled back an IRS rule that sought to extend broker reporting obligations to decentralized finance (DeFi) platforms. Using the Congressional Review Act, lawmakers prevented the IRS from requiring certain DeFi platforms to collect user information and report transactions.

While this rollback reduces immediate regulatory pressure on decentralized platforms, it does not conclude the broader discussion. Lawmakers and regulatory agencies continue to evaluate how DeFi activity should be taxed, and future legislation or rules may introduce new reporting requirements.

Updates on Staking Rewards and Investment Vehicles

In 2025, the IRS issued guidance clarifying how staking rewards are treated for tax purposes. Staking rewards are considered taxable income upon receipt. Any subsequent sale of the rewarded cryptocurrency results in a separate capital gain or loss calculation.

This guidance applies to proof-of-stake networks such as Ethereum, where participants may receive staking rewards regularly throughout the year. The IRS also opened the door for certain investment vehicles, including trusts and exchange-traded products, to participate in staking activities without losing their tax-favored status. This expands the range of financial products that can support staking.

Recordkeeping Becomes More Important Than Ever

With expanded reporting requirements, precise recordkeeping is critical. Each transaction should be documented with accurate timestamps, transaction fees, and cost-basis information to avoid errors and potential penalties.

Major tax software companies and crypto tax platforms are already updating their systems to support Form 1099-DA and expanded cost-basis reporting. These tools are expected to help taxpayers reconcile their personal records with broker-reported information beginning in 2026.

Overall Impact on the Crypto Market

The IRS rule changes reflect a broader shift toward increased oversight and transparency in cryptocurrency trading. The two-phase rollout places crypto taxation on a framework more closely aligned with traditional securities reporting.

Traders, exchanges, and custodial platforms will need to adjust to the new requirements, but the long-term goal is a clearer and more consistent regulatory environment for the growing digital asset economy.

As these changes approach full implementation, taxpayers involved in Bitcoin, Ethereum, XRP, and other digital assets are encouraged to understand how the new reporting rules may affect their tax obligations.

About Legal Tax Defense, Inc.

Legal Tax Defense, Inc. is a U.S.-based firm specializing in legal tax defense and IRS debt relief services for tax levy. The firm assists taxpayers facing complex IRS-related matters as federal tax reporting requirements continue to evolve.

For more information, visit: https://www.legaltaxdefense.com/

For any inquiry, contact Steven J. Hirsch (Partner, Legal Tax Defense) at  admin@legaltaxdefense.com.

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Press Release

Sihoo Doro C300 Pro V2 Is Officially Available: The Next Evolution in Full-Body Adaptive Ergonomics

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2 hours ago

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April 20, 2026

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Featuring the revolutionary DynaCore System, Sihoo’s newest flagship chair eliminates support loss during movement and delivers truly adaptive, personalized comfort.

Shenzhen, China, 20th Apr 2026 – Sihoo, a global leader in ergonomic furniture with 15 years of design and engineering excellence, today announced the official global availability of the highly anticipated Doro C300 Pro V2. Engineered to redefine all-day comfort, this new flagship model is the market’s first ergonomic chair to deliver true, intuitive, full-body adaptive support.

The End of Support Loss During Movement

Building on the global success of the original Doro C300, the Pro V2 sets a new standard for dynamic comfort. At its core is Sihoo’s proprietary DynaCore Full-Body Support System.

Unlike traditional office chairs that lose support the moment you move—or ergonomic chairs that demand constant readjustment—the Doro C300 Pro V2’s DynaCore system seamlessly synchronizes the backrest, lumbar support, headrest, and armrests. The result is a chair that intuitively responds to your natural movements. Whether you lean forward for focused work, shift side to side, or recline to relax, the chair maintains perfect, continuous balance.

Personalized Comfort from the First Moment

The Doro C300 Pro V2 takes personalization further with the SyncroFlex Backrest. The instant you sit down, the chair automatically maps and follows the natural curvature of your spine. Its intelligent recline path adapts dynamically to your unique body size and movement patterns, delivering a highly tailored experience with zero manual adjustments.

Next-Generation Features

The Doro C300 Pro V2 is packed with upgraded technology designed for today’s professionals, gamers, and creators:

  • Self-Adaptive Dynamic Lumbar Support 2.0 — Offers three levels of targeted adjustability for fatigue-reducing lower-back support that lasts all day.
  • 8D Bionic Armrests — Move in eight directions to provide perfect arm support whether you’re typing, gaming with a controller, or scrolling on a mobile device.
  • Ultra-Wide 3D Headrest — Delivers precise, cradle-like neck support to relieve tension during long periods of focus.
  • Weight-Adaptive Mechanism 2.0 — Automatically calibrates recline tension to your body weight, providing an ultra-smooth recline of up to 135° for a seamless transition between work and rest.

Availability

The Sihoo Doro C300 Pro V2 is now officially available in major global markets, including the United States, Germany, and France.

To purchase or learn more about its groundbreaking features, visit: https://sihoooffice.com/pages/sihoo-c300-pro-v2.

About Sihoo

Founded in 2011, Sihoo is driven by a core mission: to create seating solutions that seamlessly combine comfort, robust support, and cutting-edge ergonomic innovation. With 15 years of dedicated expertise in biomechanics and engineering, Sihoo has become a globally recognized brand trusted by modern businesses, remote workers, and households in more than 100 countries.

Media Contact

Organization: Sihoo

Contact Person: Wendy Xu

Website: https://sihoooffice.com/

Email: Send Email

City: Shenzhen

Country:China

Release id:44170

The post Sihoo Doro C300 Pro V2 Is Officially Available: The Next Evolution in Full-Body Adaptive Ergonomics appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Waypoint Expands to 15 Markets in Third Year of Operations

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2 hours ago

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April 20, 2026

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Waypoint, a career intelligence platform for senior professionals, now serves subscribers across 15 markets in Europe, the Middle East, Asia-Pacific, and North America.

London, United Kingdom, 20th Apr 2026 — Waypoint, a career intelligence platform for senior professionals, has confirmed that it now serves subscribers across 15 markets in Europe, the Middle East, Asia-Pacific, and North America, marking the platform’s third year of operations.

The milestone reflects continued adoption of the career intelligence category among senior professionals who conduct executive-level career moves through direct approach, referral, and retained search channels rather than through publicly advertised roles.

The platform is available to subscribers globally through way.careers.

About the Platform

Waypoint provides subscribers with a personalised dashboard of target companies mapped to their sector and seniority. The dashboard includes named hiring manager contacts, live company hiring signals, direct-approach toolkits, and CV positioning tailored to each target organisation.

Core platform features include:

  • A target-company dashboard of up to 40 organisations per subscriber, mapped to the subscriber’s sector and seniority
  • Named hiring-manager identification at each target organisation
  • Live hiring signals indicating company growth, leadership changes, and organisational restructuring
  • CV and LinkedIn positioning resources tailored to each target
  • Message tracking to indicate when a target recipient has engaged with outreach
  • Direct-approach templates and guidance materials

Regional Coverage

Waypoint subscribers are based across the United Kingdom, France, Germany, Switzerland, the Netherlands, the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Bahrain, Singapore, Hong Kong, Australia, the United States, and Canada. The service is delivered digitally and is available to any senior professional in a supported market.

Service Tiers

Waypoint is available in multiple subscription tiers. The core service is priced at USD 739 and includes the target-company dashboard and associated toolkits. Additional tiers extend access to job market data, a dedicated career audit, and live operator support. Full pricing and tier details are available on the Waypoint website.

Operations

Waypoint is incorporated in the United Kingdom, with operational functions based in Dubai, United Arab Emirates.

About Waypoint

Waypoint is a career intelligence platform designed for senior professionals conducting executive-level career moves. The service combines target-company dashboards, hiring-manager identification, direct-approach toolkits, and hiring signal intelligence. Waypoint is incorporated in the United Kingdom and operates across 15 international markets. More information is available at way.careers.

Media Contact

Organization: Waypoint Career Intelligence LLC

Contact Person: Peter Campbell

Website: https://way.careers

Email: Send Email

Address:27 Old Gloucester St, London, United Kingdom, WC1N 3AX

City: London

Country:United Kingdom

Release id:44158

The post Waypoint Expands to 15 Markets in Third Year of Operations appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

A Captivating Tale of Passion and Late-Blooming Love: Dancing With Katie by E.P. Lande

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2 hours ago

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April 20, 2026

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United Kingdom, 20th Apr 2026 – Blue Crystal Literary Magazine proudly presents Dancing With Katie, a deeply evocative and emotionally layered novel by E. P. Lande, now available worldwide. Blending autobiographical elements with fiction, this compelling work explores the transformative power of dance, desire, and human connection.

At the heart of the novel is Aaron, a divorced and reflective former academic living in Vermont, whose quiet, structured life is disrupted by an unexpected calling—to dance. What begins as a simple pursuit soon becomes an all-consuming passion for the Argentine tango, a dance that awakens not only his body but his emotional world.

Aaron’s journey takes him across cities and continents—from rural Vermont to Montreal, New York, and Buenos Aires—in search of mastery, meaning, and ultimately, connection. Along the way, he encounters teachers, dancers, and a vibrant global tango community that shapes his transformation. Yet, despite his relentless pursuit of technical perfection, what Aaron truly lacks is a consistent partner—until he meets Katie.

Katie, a former ballerina with independence and emotional complexity, enters Aaron’s life initially as a dance student. What begins as a practical arrangement soon evolves into something far more intricate. Their shared hours of practice—set against the rhythm and intimacy of the tango—give rise to a relationship that blurs the boundaries between teacher and student, companionship and longing.

As Katie navigates a succession of romantic relationships, Aaron finds himself caught between restraint and desire, reflection and action. His internal struggle—marked by self-examination, jealousy, and hope—forms the emotional core of the novel. Through dance, conversations, and unspoken tensions, their bond deepens, revealing the complexities of timing, love, and missed opportunities.

In its poignant conclusion, Dancing With Katie delivers a powerful realization: that what we seek in life is often already within reach, obscured only by our own distractions and hesitations. The novel closes on a note of emotional clarity and quiet revelation, as both Aaron and Katie confront the truth of their connection.

Written with elegance, wit, and introspective depth, E. P. Lande’s narrative captures not only the sensuality and discipline of the Argentine tango but also its symbolic resonance as a dance of life—one of balance, timing, and mutual understanding. Both a romance and a meditation on self-discovery, the book appeals to readers who appreciate character-driven storytelling and emotional authenticity.

 

 

About the Author

E.P. Lande, originally from Montreal and now based in South Carolina, brings a rich and varied life experience to his writing. A former academic and Vice-Dean, as well as a restaurateur and widely published short story writer, Lande has crafted a narrative voice that is both reflective and deeply human. Dancing With Katie continues his exploration of psychological and emotional landscapes.

 

Publication Details
Title: Dancing With Katie
Author: E. P. Lande
Publisher: Blue Crystal Literary Magazine
Publication Date: 11 April 2026
ISBN: 978-1-0672783-0-4
Format: Paperback, eBook,Hardback
Price: $15.99 USD

Availability

Dancing With Katie is available now through:

 

Also catalogued in:

Media Contact

Organization: Blue Crystal Literary Magazine

Contact Person: Richard Philips

Website: https://bluecrystallit.uk

Email: Send Email

Address:B000803 Unit 4 Tunstall Trade Park

Address 2: Brownhills Road

City: Stoke on Trent

State: Staffordshire

Country:United Kingdom

Release id:44172

The post A Captivating Tale of Passion and Late-Blooming Love: Dancing With Katie by E.P. Lande appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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