The IRS Has Struggled With How to Treat Virtual Currencies for Tax Purposes

The IRS Has No Problems Reminding Taxpayers to Pay, but Fails to Provide Guidance on How to File

By Jamie Redman in News

A committee of US politicians and bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter, directed toward IRS commissioner David Kautter, wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US citizens file their taxes.

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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