IRS Scouting for Contractors to Review Crypto Trader’s Tax Returns
The infamous Internal Revenue Services (IRS) giant has been on the lookout for 3rd party contractors to facilitate crypto earns taxing in the United States.
The IRS is currently scouting for outside services that will calculate taxpayer's gains and losses resulting from their digital coin exchange activity.
The yet to be contractor will be responsible for processing cryptocurrency transaction data derived from on-chain and of-chain sources, tax submissions, APIs, and a range of other sources. The main goal is to determine the gains and losses of the taxpayer.
For now CryptoTrader.Tax, a crypto tax calculations platform, and another unnamed company have been contacted with the offer. All we know is that the former has rejected the position, leaving the mystery player the only one, for now.
The proper taxation of cryptocurrency earning and losses is a priority for many countries, not only the Untied States, for crypto is slowly taking over the world as one of the most traded with asset.
