Overview
On July 25, 2023 Bloomberg Law quoted Caitlin Tharp in an article titled “Crypto Appeal Tests Ability to Challenge IRS Positions in Court.” The article discusses Joshua and Jessica Jarrett’s request for the US Court of Appeals for the Sixth Circuit to consider whether the IRS had the power to end the couple’s lawsuit over cryptocurrency tax policy by sending them a refund check.
Caitlin commented on the case stating, “Jarrett is not the only time the IRS has quashed attempts to litigate an issue of nationwide importance.” She also noted, “There certainly is a need for guidance on the tax treatment of staking. Even if the receipt of staking tokens is included in income, there are many questions regarding the character and valuation of such income.”
The full article can be read on Bloomberg Law.
