The IRS offered one individual a refund on taxes paid on crypto generated through staking in what the Proof of Stake Alliance believes might hint at a shift in broader policy. cheyenneligon reports
The Internal Revenue Service offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing legal fight – a move industry experts say signals an important shift in the way the IRS views crypto staking.
In December 2021, attorneys for the IRS wrote to Jarrett and his wife’s attorneys to inform them that the IRS had been “authorized and directed to schedule an overpayment of $3,793, plus statutory interest.”
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