PANews reported on August 23rd that Trish Turner, a decades-long veteran of the U.S. Internal Revenue Service (IRS) who took over the agency's cryptocurrency division in May, announced her resignation in a LinkedIn post. Crypto Tax Girl (CTG), a cryptocurrency tax firm, announced that Turner will become its tax director. Trish Turner's departure comes amid adjustments to cryptocurrency tax regulations. Starting in January 2026, cryptocurrency brokers must report the gross proceeds and cost basis of digital sales on Form 1099-DA, a new form designed to more accurately track cryptocurrency transactions. Two former directors, Sulolit "Raj" Mukherjee and Seth Wilks, who co-led the Office of Digital Assets, resigned in May.PANews reported on August 23rd that Trish Turner, a decades-long veteran of the U.S. Internal Revenue Service (IRS) who took over the agency's cryptocurrency division in May, announced her resignation in a LinkedIn post. Crypto Tax Girl (CTG), a cryptocurrency tax firm, announced that Turner will become its tax director. Trish Turner's departure comes amid adjustments to cryptocurrency tax regulations. Starting in January 2026, cryptocurrency brokers must report the gross proceeds and cost basis of digital sales on Form 1099-DA, a new form designed to more accurately track cryptocurrency transactions. Two former directors, Sulolit "Raj" Mukherjee and Seth Wilks, who co-led the Office of Digital Assets, resigned in May.

IRS official Trish Turner resigns to become director of crypto tax firm

2025/08/23 08:16
1 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

PANews reported on August 23rd that Trish Turner, a decades-long veteran of the U.S. Internal Revenue Service (IRS) who took over the agency's cryptocurrency division in May, announced her resignation in a LinkedIn post. Crypto Tax Girl (CTG), a cryptocurrency tax firm, announced that Turner will become its tax director. Trish Turner's departure comes amid adjustments to cryptocurrency tax regulations. Starting in January 2026, cryptocurrency brokers must report the gross proceeds and cost basis of digital sales on Form 1099-DA, a new form designed to more accurately track cryptocurrency transactions. Two former directors, Sulolit "Raj" Mukherjee and Seth Wilks, who co-led the Office of Digital Assets, resigned in May.

Market Opportunity
Moonveil Logo
Moonveil Price(MORE)
$0.0001468
$0.0001468$0.0001468
+9.71%
USD
Moonveil (MORE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

World Gold Council’s Pivotal Framework Promises Unprecedented Market Trust

World Gold Council’s Pivotal Framework Promises Unprecedented Market Trust

The post World Gold Council’s Pivotal Framework Promises Unprecedented Market Trust appeared on BitcoinEthereumNews.com. Tokenized Gold Revolution: World Gold Council
Share
BitcoinEthereumNews2026/03/20 03:58
Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…
Share
BitcoinEthereumNews2025/09/18 02:28
Shiba Inu Price Prediction 2026: SHIB Fights to Reclaim Its Glory While Pepeto Offers the 150x Early Window That SHIB Already Closed

Shiba Inu Price Prediction 2026: SHIB Fights to Reclaim Its Glory While Pepeto Offers the 150x Early Window That SHIB Already Closed

A truck driver put $650 into Shiba Inu in 2020 and quit his job after his bag grew to $1.7 million. Two brothers invested $7,900 during the COVID lockdowns and
Share
Blockonomi2026/03/20 04:32