The Internal Revenue Service (IRS) is bringing on board two former crypto executives to strengthen the tax authorities’ digital asset enforcement efforts.
In a new press release, the IRS says it has recruited Sulolit “Raj” Mukherjee and Seth Wilks to serve as executive advisors to the agency.
Mukherjee previously worked as global head of tax at blockchain software company ConsenSys and was an executive at the US arm of crypto exchange Binance, while Wilks was previously vice president of government relations at crypto tax software company TaxBit.
The duo will lead the agency’s efforts in digital asset-focused services and programs.
Says IRS Commissioner Danny Werfel:
“This is a complex and evolving sector that has major implications for tax administration. It’s important that we get this right for taxpayers and the nation.
Bringing private sector expertise to work with the IRS team is critical to successfully building the agency’s digital assets efforts and helping us do this in a way that everyone works well.”
The IRS hires Mukherjee and Wilks amid a growing number of crypto tax evasion cases. The tax authorities are also working on regulations that impose reporting obligations on crypto brokers, including exchanges.
Says IRS Deputy Commissioner for Services and Enforcement Doug O’Donnell:
“Seth and Raj expand our ability to understand this sector as they design systems for reporting cryptocurrency and digital assets and related transactions. Improving employee capacity and access to resources in this rapidly evolving global landscape is a top priority of the IRS.”
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