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]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 14 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 21 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 25 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 28 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... August 29, 2025
  • You need to login to comment.