In response to the widespread interest and concern generated by its proposed crypto reporting regulations, the Internal Revenue Service (IRS) has decided to extend the comment period by an additional two weeks.
This move grants stakeholders more time to express their opinions, with the new deadline of November 13, 2023. Previously, stakeholders were required to submit comments on the proposed regulations by October 30, 2023.
IRS Grants Extra Time for Public Input
The Treasury and IRS have announced an extension of two weeks for the comment period on its proposed crypto reporting regulations. This update, announced in an Oct. 25 Federal Register document, allows stakeholders more time to provide feedback.
The final date for feedback has been extended to mid-November in response to the rule’s significant public interest since its August announcement.
The proposed regulations focus on defining “brokers” in the crypto industry, including trading platforms, payment processors, digital
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