Internal Revenue Service To Release Updated Crypto Tax Guidance In The ‘Coming Weeks’

News | July 8, 2019 By:

The United States Internal Revenue Service (IRS) will be releasing its updated tax guidance for cryptocurrency in the coming weeks.

The Wall Street Journal reported that the IRS is expected to update its IRS Notice 2014-12, which stated that cryptocurrency is treated as property and existing tax principles applicable to property transactions apply to crypto transactions.


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.


US Congressman Tom Emmer Drafts Bills To Support Blockchain And Cryptocurrencies

News, Regulation | September 24, 2018 By:

Tom Emmer, the US Representative for Minnesota’s 6th congressional district, has announced that he will introduce three bills to support blockchain technology and cryptocurrencies.

“The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead on innovation and further growth,