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From: Guidewire <irs@service.govdelivery.com>
Date: Mon, Apr 24, 2023, 2:05 PM
Subject: N-23-34, updates Notice 2014-21, digital currencies
To: <g@xny.io>
From: Guidewire <irs@service.govdelivery.com>
Date: Mon, Apr 24, 2023, 2:05 PM
Subject: N-23-34, updates Notice 2014-21, digital currencies
To: <g@xny.io>
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News EssentialsIRS Resources |
Issue Number: N-23-34Inside This IssueNotice 2023-34 updates Notice 2014-21 because it stated that digital currencies were not legal tender; however, since then foreign jurisdictions have enacted laws that characterize Bitcoin as legal tender. Thus, the sentence in the Background section of Notice 2014-21 stating that virtual currency does not have legal tender status in any jurisdiction is no longer accurate as to Bitcoin. Thank you for subscribing to IRS GuideWire, an IRS e-mail service. If you are a Tax Professional and have a specific concern about your tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the IRS GuideWire mailing list. Please Do Not Reply To This Message. |
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