IRS Commissioner Charles Rettig estimated the gap between taxes owed and taxes collected in the United States to be close to $1 trillion. While there is some debate as to how much lax reporting on cryptocurrency transactions contributes to this so-called tax gap.
IRS Commissioner Charles Rettig estimated the gap between taxes owed and taxes collected in the United States to be close to $1 trillion. While there is some debate as to how much lax reporting on cryptocurrency transactions contributes to this so-called tax gap.
IRS Commissioner Charles Rettig, testifying before Congress in April 2021, estimated the gap between taxes owed and taxes collected in the United States to be close to $1 trillion.
On January 4, 2021, the US Treasury Department (Treasury) and the Internal Revenue Service (IRS) published final regulations under Section 1001 of the Internal Revenue Code of 1986 (the.