Express

21 US Lawmakers Urge IRS to Clarify on Cryptocurrency Questions

Vicky Wei

Summary: According to Coindesk, 21 US lawmakers have again urged the International Revenue Service (IRS) to clarify crypto tax rules. The lawmakers' letter, which addressed to Charles Rettig, the IRS Commissioner, explains that taxpayers may find it difficult to calculate the amount they owned the agency due to unanswered questions about how the IRS is treating ...

According to Coindesk, 21 US lawmakers have again urged the International Revenue Service (IRS) to clarify crypto tax rules. The lawmakers' letter, which addressed to Charles Rettig, the IRS Commissioner, explains that taxpayers may find it difficult to calculate the amount they owned the agency due to unanswered questions about how the IRS is treating cryptocurrencies. Although the IRS issued guidance on the subject in 2014, it has not updated its guidance since.
l

Last Update:

Tags: ,
Link: 21 US Lawmakers Urge IRS to Clarify on Cryptocurrency Questions   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.