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UPDATE 2-U.S. Treasury seeks reporting of cryptocurrency transfers, doubling of IRS workforce

The Biden administration's tax enforcement proposal would require that cryptocurrency transfers over $10,000 be reported to the Internal Revenue Service and would more than double the IRS workforce over a decade, the U.S. Treasury said on Thursday. ....

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U.S. Treasury seeks reporting of cryptocurrency transfers, d

The Biden administration's tax enforcement proposal would require that cryptocurrency transfers over $10,000 be reported to the Internal Revenue ....

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U.S. Treasury seeks reporting of cryptocurrency transfers, doubling of IRS workforce

U.S. Treasury seeks reporting of cryptocurrency transfers, doubling of IRS workforce
By David Lawder
Reuters
WASHINGTON (Reuters) -The Biden administration s tax enforcement proposal would require that cryptocurrency transfers over $10,000 be reported to the Internal Revenue Service and would more than double the IRS workforce over a decade, the U.S. Treasury said on Thursday.
The plans were part of a Treasury report detailing the Biden Administration s proposal to invest some $80 billion into the U.S. tax agency through 2031 to improve compliance an revenue collections.
As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on, the Treasury said in the report, which noted that these assets, are likely to grow in importance over the next decade as a part of business income. ....

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U.S. Treasury says can shrink $7 trillion 'tax gap' by 10% over next decade | WSAU News/Talk 550 AM · 99.9 FM

U.S. Treasury says can shrink $7 trillion 'tax gap' by 10% over next decade | WSAU News/Talk 550 AM · 99.9 FM
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U.S. Treasury says can shrink $7 trillion 'tax gap' by 10% over next decade

U.S. Treasury says can shrink $7 trillion 'tax gap' by 10% over next decade
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