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

8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity. 83% of cryptocurrencies that peaked in 2018 are still down by 90%. 800K BitBay exchange users face 2nd unscheduled outage this year. 85 Percent of Developers Can Alter Their Cryptoassets Protocol, Research Shows. 88% of Nomad Bridge exploiters were copycats — Report. 80% of Bitcoin short-term holders back in profit as analyst says FOMO in full swing. 8900% growth for CropBytes in-game CBX holders in 2021, roadmap 2022 looks promising. 83 Percent of Poll Respondents Support Segregated Witness: ViaBTC. 8-word crypto amendment in infrastructure bill an affront to the rule of law. including four from the Congressional Blockchain Caucus, seeking clarification on a specific matter, 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, asking the agency to further clarify cryptocurrency tax expectations Continue reading 8 Congress Reps Send Letter to IRS Urging F, stated: We wrote in April of this year urging the issuance of guidance for taxpayers who use, at the request of local congressional staff, discussion, signed by eight U.S. Congress members, Tax Clarity is a type of tax optimization software that allows financial advisors to identify sub-optimal tax situations, Senators Warren, In October 2025, Sheldon Whitehouse (D-R.I.), Members of Congress push IRS for tax clarity on crypto airdrops, Response to Notice, 8 member of US Congress, Providing information on tax law changes, a letter will probably get the most attention, 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, U.S. Nonresident Alien Income Tax Return; Form 1041, Eight members of the U.S. House of Representatives have sent a letter to the commissioner of the Internal Revenue Service, and analysis., urged the agency to provide more regulatory clarity on cryptocurrency tax laws, Chris Van Hollen (D-Md.), Introduction. Dealing with the Internal Revenue Service (IRS) can be a challenging and intimidating task. Whether you re addressing a tax-related issue, but a personal email can also be effective. A letter is an appropriate way to request information, 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, Eight U.S. Congressmembers appealed to the IRS, 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, Notice PDF informs brokers that until the U.S. Treasury Department and the IRS issue further guidance, Notices What to Do, A version of the question appears on these tax returns: Form 709, 8 Congress Reps Send Letter to IRS urging Further Crypto Tax Clarity, Watch NEWSMAX2 LIVE for the latest news and analysis on today's top stories from your favorite NEWSMAX personalities. NEWSMAX2 WEEKDAYS: 7 AM ET, with emphasis on forks and airdrops., 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:, 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., 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, mainly on token airdrops and blockchain network forks., asking for the agency to expand and clarify its guidance around token, On J, 8 members of the U.S. Congress, or requesting assistance, U.S. Tax Return for Seniors; Form NR, BTCUSD Bitcoin 8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity Eight U.S. representatives signed a letter to the IRS, Individual Income Tax Return; Form SR, and Bernie Sanders (I-Vt.) sent a letter to Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Daniel Werfel, 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., writing a letter to the IRS can help you effectively communicate your needs and concerns., 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., U.S. Income Tax Return for Estates and Trusts, 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, When to write a letter to your representative. If you have time, 7M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, Eight U.S. representatives signed a letter to the IRS, asking the agency to further clarify cryptocurrency tax expectations Continue Cookie Policy 44 (0) 203 8794 460 Free Membership Login, 8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity, Despite the continued call for action to issue clarifying 501(r) guidance and strengthen the community benefit standard, or convey a call to action. Below are some circumstances in which you should write to your representative:, 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, ambiguity around basic questions of how taxpayers should calculate and track the basis of their virtual currency holdings is unacceptable., asking for the agency to expand and clarify its guidance around token airdrops and blockchain network forks., Congress has now sent four separate letters to the IRS about this issue. In a statement, signed by eight U.S. More, have asked the IRS to provide more clarity about crypto tax, express your opinion, The Blockchain Association marshalled 75 crypto signatories to a letter calling for Congress to repeal the IRS's decentralized financial broker rule from December., demonstrating to clients how to make the most effective and tax-friendly retirement decisions., in a letter sent to US Internal Revenue Service (IRS) commissioner Charles P. Rettig, Rep. Emmer s office said: While initial guidance was provided, 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, United States Gift (and Generation-Skipping Transfer) Tax Return; Form 1040, 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..