WASHINGTON, March 6 -- Internal Revenue Service has issued a proposed rule called: Electronic Furnishing of Payee Statements Regarding Digital Asset Sales by Brokers.
The proposed rule was published in the Federal Register on March 6 by Frank J. Bisignano, Chief Executive Officer.
Summary: This document contains proposed regulations that would provide digital asset brokers that are required to furnish to their customers written statements reflecting information provided to the IRS with respect to digital asset sale transactions with an alternative process for obtaining consent from their customers to receive these statements in an electronic format without offering a paper delivery alternative.
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