IRS Cryptocurrency Tax Summit Amidst Tightening Enforcement

The IRS is hosting a summit to discuss the tax implications of crypto early this March. Meaningful clarification on Bitcoin’s treatment, however, is not expected as the agency continues to leave tax issues around the asset unanswered.

Crypto Tax Summit in March

In an effort to crackdown on tax evasion in the crypto industry, the main revenue service of the United States is looking to meet with industry leaders. The IRS is set to hold a summit at its Washington, DC headquarters, where important topics regarding taxing the crypto industry will be discussed,  according to a report from Bloomberg Tax.

The agency has reportedly invited multiple cryptocurrency companies and advocates to attend the summit and participate in the discussions on how the agency can “balance taxpayer service with regulatory enforcement.”

According to the copy of the invitation obtained by Bloomberg, the summit will include four 90-minute panels on various topics, including technology updates, issues for…