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IRS Faces Leadership Shift as New Crypto Tax Rules Emerge
IRS Faces Leadership Shift as New Crypto Tax Rules Emerge
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BTCCSquare news:
Trish Turner, head of the IRS cryptocurrency unit, is departing for the private sector amid sweeping changes to digital asset taxation. The agency's new 1099-DA reporting form targets millions of crypto investors, though only 3 million have historically disclosed such transactions. This regulatory push coincides with staffing challenges—the IRS workforce has shrunk from 113,000 to 76,000 over three decades.
The leadership vacuum follows earlier resignations of crypto initiative leads Seth Wilks and Raj Mukherjee. Market participants now watch for Turner's successor as the IRS navigates budget constraints while expanding oversight of BTC, ETH, and other digital assets.
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