IRS officials made an effort to better understand tax issues facing the cryptocurrency market during a summit several months after issuing the first guidance in the area since 2014.
Aside from the occasional query, government officials mostly stayed silent during the day-long event, allowing the industry participants to use the time to raise issues or questions. Attendees—from tax executives at large exchanges to CPAs and tax attorneys—said that outreach will need to continue to have a real impact.
The meeting comes at a pivotal time: The agency is trying to step up its enforcement in the cryptocurrency space, and is ...
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