Tax Enforcement news and trends

Treasury and IRS Propose New Reporting Rules for Digital Asset Sales

August 25, 2023
IRS, Internal Revenue Service
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Treasury and IRS Propose New Reporting Rules for Digital Asset Sales

August 25, 2023
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed regulations that aim to “close the tax gap” in the sale and exchange of digital assets. These regulations, part of the Biden Administration’s efforts to implement the Infrastructure Investment and Jobs Act (IIJA), seek to provide information on the amount owed by taxpayers and crack down on […]