Express

Congress Members Send Letter Requesting IRS To Provide More Clarity On Crypto Airdrops, Forks

Ramsey Baker

Summary: Eight members of the U.S. House of Representatives sent a letter to the commissioner of the Internal Revenue Service, seeking further clarity on its guidance for token airdrop and blockchain network forks. The letter was written by Reps. Tom Emmer, Bill Foster, David Schweikert, Darren Soto, Lance Gooden, French Hill, Matt Gaetz and Warren Davidson. ...

Eight members of the U.S. House of Representatives sent a letter to the commissioner of the Internal Revenue Service, seeking further clarity on its guidance for token airdrop and blockchain network forks.

The letter was written by Reps. Tom Emmer, Bill Foster, David Schweikert, Darren Soto, Lance Gooden, French Hill, Matt Gaetz and Warren Davidson. In the letter the representatives expressed their concerns over the lack of guidance that is currently provided for these issues.

This letter follows a previous letter sent back in April, that requested the U.S. tax authority to improve its informational offerings to taxpayers about their crypto-related obligations.

By Ramsey Baker

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