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U.S. Senate Finance Committee Letter Seeks Crypto Industry Comments for Taxation Policy

July 12, 2023
in Crypto Updates
Reading Time: 1 min read
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“In latest months, the Committee on Finance initiated a bipartisan effort to determine key questions that lie on the intersection of digital belongings and tax legislation,” the letter stated. “The Inside Income Code of 1986, as amended (IRC), attracts distinctions between forms of property, with no simple classification for digital belongings. This uncertainty creates advanced reporting points for taxpayers …”

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Tags: CommentsCommitteeCryptoFinanceIndustryLetterPolicyseeksSenateTaxationU.S
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