IRS turns to private-sector crypto experts to boost enforcement
As the crypto currency industry proliferates in the mainstream, demands for its en force ment by government agencies are growing, including the United States Internal Revenue Service (IRS), which has recently brought in two private-sector experts to assist in its efforts. Specifically, the IRS has hired as executive advisors Sulolit ‘Raj’ Mukherjee, JD, a former Global Head of Tax at a private blockchain software technology firm, and Seth Wilks, CPA, who has worked extensively in the area of crypto asset tax policy, the agency said in a press release on February 27. Bolstering crypto enforcement Commenting on the development, IRS Commissioner Danny Werfel highlighted the complexity of the rapidly growing crypto sector , the importance of intensifying en force ment in this area for the sake of taxpayers and the country as a whole, as well as stressing the IRS’s activities to this end: Picked for you Here's what crypto the jailed FTX founder is advising prison gua...