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Why Crypto Should Modify the Section 6050i Tax Change, Not Fight It

The amendment requires people engaged in “trade or business” to collect information about those who make purchases in excess of $10,000 using banknotes and coins.

Updated May 11, 2023, 3:48 p.m. Published Nov 10, 2021, 11:13 p.m.
The Internal Revenue Service (IRS) building in Washington, D.C. (Stefani Reynolds/Bloomberg via Getty Images)
The Internal Revenue Service (IRS) building in Washington, D.C. (Stefani Reynolds/Bloomberg via Getty Images)