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US Is Debating Risk vs. Liability for New Crypto Tax Rules

U.S. Treasury department officials are wrangling with how to focus a coming set of crypto tax rules.

Nov 19, 2020 at 8:25 p.m. UTC
Updated Sep 14, 2021 at 10:33 a.m. UTC

U.S. Treasury Department officials are weighing the pros and cons of a risk-based approach to cryptocurrency tax reporting versus a model more focused on tax liabilities.

Top considerations are the trade-offs each model would bring to a still-developing set of crypto tax rules, said Erika Nijenhuis, senior counsel at Treasury's office of tax policy. Bloomberg Law first reported the comments.

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