Save 75% on Vendor Payment Costs – Join our webinar and get 1 month free trial!
W-2 Filing Available for All Businesses and Individuals
We are pleased to announce that all businesses and individuals can now file W-2 forms with Zenwork. If you previously received a letter from the Social Security Administration (SSA) regarding electronic wage report submissions, please note that the issue has been fully resolved. Our systems are fully operational, and we are processing W-2 and W-2C filings without any disruptions.
Thank you for your continued trust!
1099 Forms
Payroll Forms
STOCK OPTIONS
WAGE TAX FORMS
FORM 592-B
ACA FORMS
1098 FORMS
480 FORMS
Extension Forms
Form 8027
Form 8955-SSA
1042 FORMS
5498 Forms
STATE FILINGS
STATE Payroll Forms
STATE ONLY FILING
WEST
MIDWEST
SOUTH
NORTHEAST
File multiple returns through bulk upload and import data directly via QuickBooks, Xero, etc.
Manage multiple clients with a single sign-on and reduce operation workload with Tax1099.
Create, validate, schedule, and deliver forms effortlessly from a single platform.
Manage W-9, 1099-NEC, and other IRS forms for gig workers with our intuitive platform.
Verify Payees/Merchants with real-time TIN Matching and efile in bulk with our API.
Import and organize your trading data with our real-time data management.
TAX FORM FILING
Data Import & Management
USER & WORKFLOW MANAGEMENT
Validation & Checks
PRINT & DELIVERY
COMPLIANCE & security
ADDITIONAL FEATURES
Integrations
Acquire the help required from our support.
Visual guides to help you work with Tax1099
Stay up to date about latest IRS updates.
Read the real-life success stories of our users.
Explore industry insights & latest updates
The A-Z list for tax-related terms & definitions.
Listen to thought-provoking insights and discussions with experts.
Tools
Δ
Home » Crypto Regulations
Crypto regulations refer to the rules set by the U.S. government, primarily through the Internal Revenue Service (IRS), to track and tax cryptocurrency transactions. The IRS treats crypto—like Bitcoin, Ethereum, stablecoins, or NFTs—as property, not cash, meaning every time you sell, trade, or spend it, you might owe taxes. These rules have been evolving fast, especially since the 2021 Infrastructure Investment and Jobs Act kicked things up a notch by adding stricter reporting requirements. As of 2025, whether you’re an everyday investor, a miner, or a business accepting crypto, the IRS wants to know what you’re doing with your digital assets. The goal? Make sure everyone pays their fair share while cracking down on tax evasion.
The big idea behind these regulations is to bring crypto into the same tax world as stocks or real estate. The IRS sees digital assets as a hot spot for unreported income, so they’re tightening the leash to help taxpayers report accurately and catch those dodging taxes. It’s not about inventing new taxes—crypto gains have always been taxable—but about making it easier to track. New rules starting in 2025 mean brokers (think exchanges like Coinbase) have to report your trades, and businesses accepting big crypto payments have to spill the details too. It’s all about transparency, ensuring the tax system keeps up with the crypto boom while funding Uncle Sam’s budget.
Crypto taxes depend on what you do with it. Sell or trade it? That’s a capital gain or loss, calculated by subtracting what you paid (your cost basis) from what you got (fair market value in USD). Get paid in crypto, mine it, or stake it? That’s ordinary income, taxed at your regular income tax rate. The IRS requires you to report these on specific forms, and starting in 2025, brokers pitch in with their own reports. Here’s the breakdown:
Brokers now help by reporting your sales starting in 2025, and basis info (what you paid) kicks in for 2026 transactions. It’s a team effort to keep your tax return honest.
Here’s every IRS form tied to crypto reporting, based on the latest rules as of March 23, 2025:
As of March 23, 2025, the big shift is Form 1099-DA rolling out. Brokers—like custodial platforms or payment processors—must report sales’ gross proceeds for 2025 (due in 2026). By 2026, they’ll add your cost basis too. Real estate pros also report crypto used in property deals starting January 1, 2026. Non-custodial brokers (like decentralized exchanges) get their own rules later, per IRS plans from December 2024. Businesses accepting $10,000+ in crypto must file Form 8300, though transitional guidance eases the pain until final regs drop. The IRS isn’t messing around—keep records, report right, or face audits and penalties!