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IRS Is Working With The Treasury On Crypto Tax Guidance

Amy Liu

Summary: A report from the Treasury Inspector General for Tax Administration shows crypto exchanges are taking different approaches to tax compliance. According to the report, this is because the IRS needs to issue additional clarifying guidance, including a possible move to Form 1099-B required filing for exchanges. The IRS responded in the report by saying it is ...

A report from the Treasury Inspector General for Tax Administration shows crypto exchanges are taking different approaches to tax compliance.

According to the report, this is because the IRS needs to issue additional clarifying guidance, including a possible move to Form 1099-B required filing for exchanges.

The IRS responded in the report by saying it is currently working with the Treasury on that clarifying guidance.

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