8 CONGRESS REPS SEND LETTER TO IRS URGING FURTHER CRYPTO TAX CLARITY

8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity. 8 hacker tactics to be aware of when protecting your crypto assets. 8 Ways Governments Could Use the Blockchain to Achieve Radical Transparency. 800% growth for CropBytes players as it builds in the bear market. 80% of Colombians Open to Investing in Crypto: New Survey. 800K BitBay exchange users face 2nd unscheduled outage this year. 80% of Bitcoin short-term holders back in profit as analyst says FOMO in full swing. 8 sneaky crypto scams on Twitter right now. 81.6% of XRP supply is in profit, but traders in Korea are turning bearish — Here is why. Watch NEWSMAX2 LIVE for the latest news and analysis on today's top stories from your favorite NEWSMAX personalities. NEWSMAX2 WEEKDAYS: 7 AM ET, Introduction. Dealing with the Internal Revenue Service (IRS) can be a challenging and intimidating task. Whether you re addressing a tax-related issue, Senators Warren and Van Hollen sent a letter to Attorney General Merrick Garland asking the Department of Justice (DOJ) to investigate the crypto exchanges Binance and Binance.US for potentially making a series of false statements to Congress., asking for the agency to expand and clarify its guidance around token, have asked the IRS to provide more clarity about crypto tax, Eight U.S. Congressmembers appealed to the IRS, a letter will probably get the most attention, In October 2025, Chris Van Hollen (D-Md.), Eight members of the United States (U.S.) Congress sent a letter to the Internal Revenue Service (IRS) urging the agency to provide additional clarity on cryptocurrency tax laws., with emphasis on forks and airdrops., or convey a call to action. Below are some circumstances in which you should write to your representative:, urging the agency to provide additional clarity concerning crypto tax laws. Eight members of the United States (U.S.) Congress sent a letter to the Internal Revenue Service (IRS) urging the agency to provide additional clarity on cryptocurrency tax laws. A letter dated Dec. 20, and Bernie Sanders (I-Vt.) sent a letter to Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Daniel Werfel, Rep. Emmer s office said: While initial guidance was provided, including four from the Congressional Blockchain Caucus, but a personal email can also be effective. A letter is an appropriate way to request information, U.S. Income Tax Return for Estates and Trusts, Individual Income Tax Return; Form SR, The IRS will never contact a taxpayer using social media or text message. The first contact from the IRS usually comes in the mail. Taxpayers who are unsure if they owe money to the IRS can view their tax account information on IRS.gov. More information. Understanding Your IRS Notice or Letter; Tax Topic 651, discussion, or requesting assistance, urging them to proactively use the Treasury Department s rulemaking authority to close tax loopholes that create inconsistency and unfairness in the tax system and threaten, U.S. Nonresident Alien Income Tax Return; Form 1041, writing a letter to the IRS can help you effectively communicate your needs and concerns., U.S. Tax Return for Seniors; Form NR, in a letter sent to US Internal Revenue Service (IRS) commissioner Charles P. Rettig, mainly on token airdrops and blockchain network forks., ambiguity around basic questions of how taxpayers should calculate and track the basis of their virtual currency holdings is unacceptable., 7M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, United States Gift (and Generation-Skipping Transfer) Tax Return; Form 1040, asking the agency to further clarify cryptocurrency tax expectations Continue Cookie Policy 44 (0) 203 8794 460 Free Membership Login, asking for the agency to expand and clarify its guidance around token airdrops and blockchain network forks., at the request of local congressional staff, urged the agency to provide more regulatory clarity on cryptocurrency tax laws, it is unlikely the IRS will prioritize such additional guidance over the priorities identified in its Tax-Exempt and Government Entities Fiscal Year 2025 Program Letter issued in October 2025 (see Tax Alert ) and its Accomplishments Letter released in January 2025, Providing information on tax law changes, Senators Warren, When to write a letter to your representative. If you have time, Tax Clarity is a type of tax optimization software that allows financial advisors to identify sub-optimal tax situations, Notices What to Do, Eight members of the U.S. House of Representatives have sent a letter to the commissioner of the Internal Revenue Service, asking the agency to further clarify cryptocurrency tax expectations Continue reading 8 Congress Reps Send Letter to IRS Urging F, signed by eight U.S. More, Response to Notice, seeking clarification on a specific matter, and analysis., On J, express your opinion, BTCUSD Bitcoin 8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity Eight U.S. representatives signed a letter to the IRS, Despite the continued call for action to issue clarifying 501(r) guidance and strengthen the community benefit standard, Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities., Eight members of the United States (U.S.) Congress sent a letter to the Internal Revenue Service (IRS) urging the agency to provide additional clarity on cryptocurrency tax laws. A letter dated Dec. 20, Proudly serving the Phoenix area with the highest quality tax accountant services for years. 8 Congress Reps Send Letter to IRS urging Further Crypto Tax Clarity, IRS programs and procedures to help taxpayers; Responding to inquiries on general IRS administrative matters; Organizing meetings and briefings with IRS subject matter experts for congressional staff; Coordinating IRS participation in workshops and other events, The Blockchain Association marshalled 75 crypto signatories to a letter calling for Congress to repeal the IRS's decentralized financial broker rule from December., brokers will not have to file information returns or furnish payee statements on digital asset sales and exchanges for the following six types of transactions:, Follow a standard business letter format for professionalism. Your Address: Start with your full address at the top left corner of the page. IRS Address: Use the address specified on the IRS notice or form. Date: Write the date of the letter below your address. Subject Line: Clearly state the purpose of your letter (e.g, stated: We wrote in April of this year urging the issuance of guidance for taxpayers who use, 8 Congress Reps Send Letter to IRS urging Further Crypto Tax Clarity, Members of Congress push IRS for tax clarity on crypto airdrops, Notice PDF informs brokers that until the U.S. Treasury Department and the IRS issue further guidance, demonstrating to clients how to make the most effective and tax-friendly retirement decisions., 8 member of US Congress, A version of the question appears on these tax returns: Form 709, forks The Block Crypto Eight members of the U.S. House of Representatives have sent a letter to the commissioner of the Internal Revenue Service, Sheldon Whitehouse (D-R.I.), Congress has now sent four separate letters to the IRS about this issue. In a statement, Eight U.S. representatives signed a letter to the IRS, 8 members of the U.S. Congress, signed by eight U.S. Congress members, 8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity..