ABA Tax Tells IRS To Narrow Digital Asset Reg Definitions

By Katryna Perera (December 21, 2023, 8:46 PM EST) -- The American Bar Association Tax Section has cautioned the Internal Revenue Service against its expanded definition of "broker" in proposed digital asset rules, saying it is too broad and could lead to unfair burdens on taxpayers and the IRS, increased compliance costs and a higher risk of data breaches. ...

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