IRS Digital Assets Unit Head Trish Turner Departs Amid Tax Policy Changes
The head of the IRS's digital assets unit, Trish Turner, is leaving for the private sector amid upcoming changes in U.S. crypto tax policies. Key points include:
- Turner's departure occurs as new tax rules and forms are being implemented for individual crypto investors.
- She follows two other officials who previously left due to budget cuts within the IRS.
- The IRS expects a surge in crypto-related filings, despite significant staffing reductions over recent years.
- A new 1099-DA form will be issued to millions of investors, likely increasing reported crypto transactions.
- Turner will become tax director at CryptoTaxGirl and work with Asset Reality.
- The IRS has faced challenges in clarifying tax obligations for crypto investors, leading many to neglect their tax responsibilities.
- New regulations from the IRS regarding DeFi platforms have recently been overturned, creating uncertainty in this area.
Turner stated her aim to assist clients in navigating tax obligations confidently.