Tom Emmer

IRS Plans to Issue Guidance on Virtual Currency Taxation

<header class=”article__header”> </header> <strong>Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines.</strong> Also read: Last Will Platform Allows Your Loved Ones …

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21 US Lawmakers Urge IRS (Again) to Clarify Crypto Tax Rules

With the deadline for Americans to file their taxes days away, more than 20 U.S. lawmakers have again urged the Internal Revenue Service (IRS) to provide clarity on cryptocurrency questions. The lawmakers’ letter, addressed to IRS Commissioner Charles Rettig, explains that taxpayers may find it difficult to calculate how much they owe the agency due …

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