IRS Digital Assets Chief Trish Turner Resigns After Three Months
Trish Turner, the head of the Digital Assets Division of the United States Internal Revenue Service (IRS), has resigned from her position after only three months. This sudden departure comes amidst growing scrutiny of the IRS’s handling of digital asset taxation and demands for a clearer regulatory framework.
Key Takeaways from Turner’s Resignation
The following points summarize the key aspects of Turner’s resignation:
- Trish Turner, the head of the IRS Digital Assets Division, has resigned after only three months in the role.
- Her departure occurs amidst growing scrutiny of the IRS’s handling of digital asset taxation and demands for a clearer regulatory framework.
- Turner will join Crypto Tax Girl, a private tax consultancy, as a tax director, where she will help clients navigate the growing list of compliance challenges.
Turner’s New Role and the Growing Trend of Regulatory Migration
Turner’s move to the private sector reflects a broader trend of high-ranking government officials transitioning to crypto-oriented companies as the industry faces significant compliance changes. Her expertise will help Crypto Tax Girl’s clients cope with the evolving regulatory landscape.
The founder of Crypto Tax Girl, Laura Walter, confirmed Turner’s appointment, stating, “With all the big changes to crypto tax and compliance on the horizon, we look forward to having Trish on board.”
IRS’s Crypto Tax Crackdown and the Regulatory Environment
The IRS has intensified its examination of crypto investors in the United States, issuing a wave of warning letters in the past two months. Tax experts believe that these letters indicate growing enforcement efforts after the agency reported inconsistencies in submissions related to digital asset transactions.
Coinledger, a platform for crypto tax registrations, reported a significant increase in customer support inquiries related to IRS letters, with almost 800 inquiries between May and June, nine times more than in the same period in 2024.
For more information on this topic, visit https://cryptonews.com/news/irs-digital-assets-chief-trish-turner-resigns-after-three-months/
