📖 IRS advisors call for more tax guidance on crypto transactions
The Information Reporting Program Advisory Committee (IRPAC) of the IRS is calling for further regulation on crypto transaction taxes. There may be as much as $25 billion in potential tax liabilities (using a figure of $92 billion in taxable gains), the report discusses—and this excludes the unreported income.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.