2019 Crypto Tax Guidance May Not Be Binding Per GAO

2019 Crypto Tax Guidance May Not Be Binding Per GAO

The Government Accountability Office (GAO) is an independent, nonpartisan agency that works for Congress. On February 12, 2020, GAO published “Virtual Currencies: Additional Information Reporting and Clarified Guidance Could Improve Tax Compliance (GAO-20-188) ” report after analyzing IRS’s efforts in the crypto tax compliance space.