Congressional Letter To Irs About Cryptocurrency May 17 201 7 at Breaking News

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Congressional Letter To Irs About Cryptocurrency May 17 201 7, More than a year after our initial letter, the irs continues to expand its enforcement activities. “we get challenged frequently and to have a clear dictate from congress on the authority for us to collect that information is critical,” irs commissioner charles rettig said. House’s committee on ways and means argues that the tax collection body is.

IRS Would Seize Bitcoin For Taxes Bitcoin Magazine
IRS Would Seize Bitcoin For Taxes Bitcoin Magazine from bitcoinmagazine.com

Opening with reference to a similar letter the committee sent to the irs on may 17, 2017, the lawmakers opine that, more than a year later, the irs has done little to guide taxpayers through the process of paying capital gains taxes on their cryptocurrency investments, even though it’s been ramping up enforcement all the while. Irs says it needs more authority […] 11.3.4.5 disclosure of tax exempt and government entities information.

IRS Would Seize Bitcoin For Taxes Bitcoin Magazine from Nice Breaking News

“we get challenged frequently and to have a clear dictate from congress on the authority for us to collect that information is critical,” irs commissioner charles rettig said. More than a year after our initial letter, the irs continues to expand its enforcement activities. Please describe the irs’s current digital currency strategy and provide any. Irs has ‘struggled’ with crypto for years “on may 17, 2017, we wrote to the irs to raise questions about the enforcement actions being taken against those holding virtual currencies and the lack of a comprehensive virtual currency strategy. “on may 17, 2017, we wrote to the irs to raise questions about the enforcement actions being taken against those holding virtual currencies and the lack of a comprehensive virtual currency strategy.