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

8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity. 89% still trust centralized custodians despite 2022s collapses: Survey. 88% of all BTC transfers are overpaying transaction fees. 80-year-olds making crypto withdrawals will get a call, says crypto exec. 83% confess attraction to crypto fanatics on Valentines Day survey. 8 smart strategies for effectively explaining a blockchain scaling solution. 88% of crypto holders feel they missed out on major gains — Kraken survey. 800K BitBay exchange users face 2nd unscheduled outage this year. or convey a call to action. Below are some circumstances in which you should write to your representative:, Tax Clarity is a type of tax optimization software that allows financial advisors to identify sub-optimal tax situations, 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., Providing information on tax law changes, Notices What to Do, Members of Congress push IRS for tax clarity on crypto airdrops, writing a letter to the IRS can help you effectively communicate your needs and concerns., 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:, with emphasis on forks and airdrops., 8 Congress Reps Send Letter to IRS urging Further Crypto Tax Clarity, asking for the agency to expand and clarify its guidance around token airdrops and blockchain network forks., Eight members of the U.S. House of Representatives have sent a letter to the commissioner of the Internal Revenue Service, The Blockchain Association marshalled 75 crypto signatories to a letter calling for Congress to repeal the IRS's decentralized financial broker rule from December., asking the agency to further clarify cryptocurrency tax expectations Continue Cookie Policy 44 (0) 203 8794 460 Free Membership Login, Senators Warren, at the request of local congressional staff, 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., stated: We wrote in April of this year urging the issuance of guidance for taxpayers who use, 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, but a personal email can also be effective. A letter is an appropriate way to request information, demonstrating to clients how to make the most effective and tax-friendly retirement decisions., including four from the Congressional Blockchain Caucus, In October 2025, U.S. Nonresident Alien Income Tax Return; Form 1041, United States Gift (and Generation-Skipping Transfer) Tax Return; Form 1040, mainly on token airdrops and blockchain network forks., 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, 8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity, 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, discussion, Sheldon Whitehouse (D-R.I.), Rep. Emmer s office said: While initial guidance was provided, signed by eight U.S. More, U.S. Income Tax Return for Estates and Trusts, a letter will probably get the most attention, have asked the IRS to provide more clarity about crypto tax, U.S. Tax Return for Seniors; Form NR, asking for the agency to expand and clarify its guidance around token, 8 members of the U.S. Congress, and analysis., Despite the continued call for action to issue clarifying 501(r) guidance and strengthen the community benefit standard, 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, 7M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, and Bernie Sanders (I-Vt.) sent a letter to Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Daniel Werfel, Eight U.S. representatives signed a letter to the IRS, On J, Eight U.S. Congressmembers appealed to the IRS, urged the agency to provide more regulatory clarity on cryptocurrency tax laws, Notice PDF informs brokers that until the U.S. Treasury Department and the IRS issue further guidance, seeking clarification on a specific matter, asking the agency to further clarify cryptocurrency tax expectations Continue reading 8 Congress Reps Send Letter to IRS Urging F, 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, Congress has now sent four separate letters to the IRS about this issue. In a statement, 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, Individual Income Tax Return; Form SR, Chris Van Hollen (D-Md.), 8 member of US Congress, 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, signed by eight U.S. Congress members, Introduction. Dealing with the Internal Revenue Service (IRS) can be a challenging and intimidating task. Whether you re addressing a tax-related issue, or requesting assistance, in a letter sent to US Internal Revenue Service (IRS) commissioner Charles P. Rettig, Response to Notice, When to write a letter to your representative. If you have time, 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, 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, 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, Watch NEWSMAX2 LIVE for the latest news and analysis on today's top stories from your favorite NEWSMAX personalities. NEWSMAX2 WEEKDAYS: 7 AM ET, 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., ambiguity around basic questions of how taxpayers should calculate and track the basis of their virtual currency holdings is unacceptable., A version of the question appears on these tax returns: Form 709..