RATE Group | IRS Seeks Third-Party Contractors to Help With Taxpayers’ Crypto Calculations
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IRS Seeks Third-Party Contractors to Help With Taxpayers’ Crypto Calculations

13 May IRS Seeks Third-Party Contractors to Help With Taxpayers’ Crypto Calculations

Posted at 11:40h in Cryptocurrency News by

The United States Internal Revenue Service (IRS) is reportedly soliciting third-party contractors to assist with calculations of cryptocurrency users’ transactions. 

Crypto tax software firm CryptoTrader.Tax publicly shared details of a letter it claims to have received from the IRS on May 12, together with an accompanying Statement of Work. 

The latter has been uploaded to CryptoTrader’s blog, along with excerpts from the letter, which reportedly stated:

“The Internal Revenue Service is engaging outside contractors to assist our Revenue Agents in calculating taxpayers’ gains or losses as a result of their transactions involving virtual currency. We are placing a few single-case contracts as pilots with a goal of publishing a solicitation and request for proposal for a larger multi-case contract.”

The Statement of Work provides detailed information as to the type of services sought by the IRS.

CryptoTrader.Tax says it does not intend to pursue the contract, emphasizing its…

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