Internal Revenue Service Will Soon Issue Tax Guidance On Cryptocurrencies

News | May 21, 2019 By:

The United States Internal Revenue Service (IRS) will soon issue additional guidance on crypto taxation.

In April of this year, a bipartisan group of 21 Members of Congress, led by Rep. Tom Emmer, sent a letter to the IRS urging the agency “to issue needed guidance on the tax consequences and basic reporting requirements for taxpayers that use virtual currencies” in the United States.