- The IRS has added two employees to its staff.
- They are tax specialists from Binance.US and TaxBit.
- Previously, the IRS was repeatedly urged to speed up the development of rules for the cryptosphere.
The U.S. Internal Revenue Service (IRS) hired as advisors former employees of the U.S. division of Binance and studio-developer of software TaxBit. This is reported by Bloomberg with reference to the agency.
Note, we are talking about Sulolit Mukherjee and Seth Wilkes. The first worked first in the company ConsenSys, and then – in Binance.US. The second served as vice president of government relations at TaxBit, which develops software for taxing cryptoassets.
“Bringing experienced private sector representatives to work with the IRS team is critical to the success of the agency’s digital asset-related efforts,” commented IRS Commissioner Danny Werfel.
Note, earlier in the IRS published a report, according to which 50% of cases investigated by the agency in 2022 were related to crypto-assets.
In June 2023, Congress instructed the U.S. Treasury Department and the IRS to accelerate the process of developing a draft taxation of cryptoassets.
As of February 2024, there is still no such system in place. At the same time, the IRS has stated that it plans to introduce taxation not only of cryptocurrencies, but also of NFTs.
