Did The IRS Really Just Delay Crypto Tax Reporting Requirements?

Cryptocurrency holders interacting with centralized finance, or CeFi, exchanges in 2025 are benefitting from more flexible accounting methods in a temporary relief notice issued by the IRS.

What Happened: A thread on X by ‘TheCryptoCPA’ Shehan, Head of Tax at CoinTracker, outlines the change in regulations that took effect on Jan. 1.

The IRS has recognized and addressed a practical problem with the previously finalized Sec. 6045 custodial broker regulations.

These regulations would have required crypto assets held with CeFi brokers to be sold under the First-In-First-Out (FIFO) method if no …

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