KPMG report: IRS hearing on digital asset proposed regulations
Follow-up questions asked by IRS representatives
Follow-up questions asked by IRS representatives
The IRS on November 13, 2023, hosted a telephonic hearing to discuss proposed regulation regarding digital asset transactions. Read TaxNewsFlash
Over the course of the hearing, taxpayers discussed a number of issues, ranging from the broad language in the proposed regulations to the inability for certain industry participants to provide required information due to various constraints.
Read a November 2023 report [PDF 155 KB] prepared by KPMG LLP that lists some of the follow-up questions asked by the IRS representatives, showing that they are actively working towards finding solutions to facilitate reporting on digital asset transactions.
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