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Lawmakers Want IRS to Move Quickly on Digital Currency Guidance
By Colby Adams
printLawmakers are asking the IRS to quickly finalize guidance on potential tax liabilities of digital money, including the crypto-currency platform Bitcoin. In a Senate Homeland Security hearing Monday on the potential risks of digital currencies, Chairman Tom Carper (D-DE) asked Jennifer Shasky Calvery, director of the Financial Crimes Enforcement Network, about IRS delays in issuing the expected guidance. The tax agency is working "very diligently and thoughtfully" to issue the recommendations, she said, in response. Behind the scenes, several lawmakers have questioned why the IRS has taken so long to weigh in on the issue, according to a congressional staffer...
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