The Internal Revenue Service has apparently invited a number of cryptocurrency groups to participate in a summit on March 3, Bloomberg Tax reports. The agency summit is designed to foster a dialogue with industry leaders, companies, and other advocates to help the agency better understand how it can create a balance between regulatory enforcement and effective taxpayer service.
Bloomberg Tax obtained a copy of the agency’s invitation to the groups, and the IRS has reportedly confirmed its content.
The invitation outlines the summit’s schedule and discussion topics. Four 90-minute panel discussion sessions are planned, covering four main topics: digital asset exchanges, technology updates, issues surrounding tax return preparation, and regulatory compliance.
According to the report, the panel discussions will allow representatives from the government and the cryptocurrency industry to offer their opinions on the various topics and actively engage an audience made up of “IRS personnel from across the spectrum of tax administration, and individuals from other bureaus or offices within the Department of Treasury.”