IRS, Cryptocurrency Groups to Meet Amid Agency Enforcement Push

The IRS has invited cryptocurrency companies and advocates to a March 3 summit to discuss how the agency can “balance taxpayer service with regulatory enforcement,” according to a copy of the invitation obtained by Bloomberg Tax.

The summit will include four 90-minute panels on technology updates, issues for cryptocurrency exchanges, tax return preparation, and regulatory guidance and compliance, the email invitation said.

• The announcement comes as the IRS is trying to crack down on cryptocurrency tax evasion. The agency is also attempting to flesh out its guidance in this evolving area.
• Panelists from the private sector and ...