Charles Rettig Damian Williams New York Usa Australia Japan Philippines Israel Belgium Iceland United States regulation IRS Taxes Charles Rettig Damian Williams New York Usa Australia Japan Philippines Israel Belgium Iceland United States

IRS to summon users who don't report and pay tax on crypto transactions

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cointelegraph.com

With the crypto community growing bigger and as trading volumes reach new highs, the United States is also making more effort to ensure that its Internal Revenue Service (IRS) could properly collect cryptocurrency tax.

U.S. Attorney Damian Williams, Deputy Assistant Attorney General David Hubbert and IRS Commissioner Charles Rettig announced that US judge Paul Gardephe authorized the IRS to issue a "John Doe summons," a term used when the IRS investigates unknown taxpayers.

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