U.S. IRS chief asks Congress for authority to collect cryptocurrency transfer data

[ouch]

U.S. IRS chief asks Congress for authority to collect cryptocurrency transfer data

U.S. Internal Revenue Service Commissioner Charles Rettig said on Tuesday that Congress needs to provide clear statutory authority for the tax agency to collect information on cryptocurrency transfers valued at over $10,000 that largely go unreported.

www.reuters.com

 

[joko104]

Why not? They do it for everything else - or worse.

 

[Roadvirus]

U.S. IRS chief asks Congress for authority to collect cryptocurrency transfer data

U.S. Internal Revenue Service Commissioner Charles Rettig said on Tuesday that Congress needs to provide clear statutory authority for the tax agency to collect information on cryptocurrency transfers valued at over $10,000 that largely go unreported.

www.reuters.com

Any chance to steal collect from hard-working Americans

They'd tax the dog out of 401K/IRA accounts if they could.

 

[Tahuyaman]

On a side note, The IRS is once again being used to go after the administration’s political opposition like it was during the Obama era.

 

[Ikari]

I can't imagine that the government wouldn't be interested in this.

 

[Deuce]

Any chance to steal collect from hard-working Americans

They'd tax the dog out of 401K/IRA accounts if they could.

Selling cryptocurrency for a profit is income.

Anything to whine about big meanie government daring to fund itself, I guess.