By CryptoNews - 2 years ago - Reading Time: 1 minutes
Reports That IRS Won’t Tax Staking Rewards Create Legal Confusion in US; UK Taxman Updates Its Own Guidance
Legal confusion has broken out in the United States after media outlets reported on a legal case whereby the Internal Revenue Service (IRS), the United States tax body, is allegedly set to refund a couple’s tezos (XTZ) crypto staking tax bill. But one prominent lawyer says the reporting around the case – which some claim could be a new landmark – amounts to “clickbait”, while others warn that this may be a settlement to avoid setting precedent. ...
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Original source: CryptoNews