N-23-34, updates Notice 2014-21, digital currencies
Breaking news. ---------- Forwarded message --------- 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> [image: Bookmark and Share] <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDAsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vY29udGVudC5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvVVNJUlMvYnVsbGV0aW5zLzM1NmQyM2Q_cmVxZnJvbT1zaGFyZSIsImJ1bGxldGluX2lkIjoiMjAyMzA0MjQuNzU2OTkxMDEifQ.nNiaReszVCNsLiwFlV_EfBblYe1B-u2WN3lA_3SCrbU/s/1689017698/br/163911110879-l> [image: IRS.gov Banner] IRS GuideWire April 24, 2023 News Essentials What's Hot <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvbmV3c3Jvb20vd2hhdHMtaG90IiwiYnVsbGV0aW5faWQiOiIyMDIzMDQyNC43NTY5OTEwMSJ9.9YlzWg1Jilb4t9XYIrJXVlRuoaCM3_K9ZKV3R6_F7c0/s/1689017698/br/163911110879-l> News Releases <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvbmV3c3Jvb20vbmV3cy1yZWxlYXNlcy1mb3ItY3VycmVudC1tb250aCIsImJ1bGxldGluX2lkIjoiMjAyMzA0MjQuNzU2OTkxMDEifQ.82_IzmXMyBmTnwld2z_Ihmo8eRUYEXEQk5qlJzuZjoA/s/1689017698/br/163911110879-l> IRS - The Basics <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvYWJvdXQtaXJzL2lycy10aGUtYmFzaWNzIiwiYnVsbGV0aW5faWQiOiIyMDIzMDQyNC43NTY5OTEwMSJ9.v5QKkV1VBaprjcsTv0AIp7elBRuLMD61jAdt4F54prg/s/1689017698/br/163911110879-l> IRS Guidance <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDQsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvbmV3c3Jvb20vdW5kZXJzdGFuZGluZy1pcnMtZ3VpZGFuY2UtYS1icmllZi1wcmltZXIiLCJidWxsZXRpbl9pZCI6IjIwMjMwNDI0Ljc1Njk5MTAxIn0.yDD90_Hhr0FsaAQp10UI9_IYQ9puq5NrJIBqGMuawvU/s/1689017698/br/163911110879-l> Media Contacts <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDUsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvbmV3c3Jvb20vaXJzLW1lZGlhLXJlbGF0aW9ucy1vZmZpY2UtY29udGFjdC1udW1iZXIiLCJidWxsZXRpbl9pZCI6IjIwMjMwNDI0Ljc1Njk5MTAxIn0.Z_s7WWwmf6lemB5lgfcMAnrY91Y9o92ygLjKzNLKffY/s/1689017698/br/163911110879-l> Facts & Figures <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDYsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvbmV3c3Jvb20vZmFjdC1zaGVldHMiLCJidWxsZXRpbl9pZCI6IjIwMjMwNDI0Ljc1Njk5MTAxIn0.paVO6bcxFR2WoXidhGfb46k2F4O7r_oKElIkW-KflO4/s/1689017698/br/163911110879-l> Around The Nation <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvbmV3c3Jvb20vYXJvdW5kLXRoZS1uYXRpb24iLCJidWxsZXRpbl9pZCI6IjIwMjMwNDI0Ljc1Njk5MTAxIn0.Vi9tF4V6I7B0xoVtZHfqVlQhDL_ErHnGJVtvwFPYBMk/s/1689017698/br/163911110879-l> e-News Subscriptions <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDgsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvbmV3c3Jvb20vZS1uZXdzLXN1YnNjcmlwdGlvbnMiLCJidWxsZXRpbl9pZCI6IjIwMjMwNDI0Ljc1Njk5MTAxIn0.2tw9H91lskUPWRJDKs8gglZWDn1lJWE6ngDmHxi74aA/s/1689017698/br/163911110879-l> ------------------------------ IRS Resources Contact My Local Office <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDksInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvaGVscC9jb250YWN0LXlvdXItbG9jYWwtaXJzLW9mZmljZSIsImJ1bGxldGluX2lkIjoiMjAyMzA0MjQuNzU2OTkxMDEifQ.n6bgepFOBAtUNCoQi5vU1dcrouhXyOtnFeIvAaXrDTw/s/1689017698/br/163911110879-l> Filing Options <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTAsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvZmlsaW5nIiwiYnVsbGV0aW5faWQiOiIyMDIzMDQyNC43NTY5OTEwMSJ9.B2-nVJ8KmITuUBOXOPlsDdkAqyQGa5jKooV1A_wumrQ/s/1689017698/br/163911110879-l> Forms & Instructions <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTEsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvZm9ybXMtaW5zdHJ1Y3Rpb25zIiwiYnVsbGV0aW5faWQiOiIyMDIzMDQyNC43NTY5OTEwMSJ9.IsszC6kre_n7lcDjZRKFHRMglIAcej98O42WZRXQv8M/s/1689017698/br/163911110879-l> Frequently Asked Questions <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTIsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvaGVscC90ZWxlcGhvbmUtYXNzaXN0YW5jZSIsImJ1bGxldGluX2lkIjoiMjAyMzA0MjQuNzU2OTkxMDEifQ.d5uxlYTQwycHjImH8XNA7BFUM6a9VFtvykhwPmiRpgs/s/1689017698/br/163911110879-l> News <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTMsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvbmV3c3Jvb20vbmV3cy1yZWxlYXNlcy1mb3ItY3VycmVudC1tb250aCIsImJ1bGxldGluX2lkIjoiMjAyMzA0MjQuNzU2OTkxMDEifQ.c_7ydV6yq4H_K4-MaeShgLZd6kG_1NE_PLZJrbmjNWE/s/1689017698/br/163911110879-l> Taxpayer Advocate <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTQsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvdGF4cGF5ZXItYWR2b2NhdGUiLCJidWxsZXRpbl9pZCI6IjIwMjMwNDI0Ljc1Njk5MTAxIn0.vGovDLGTVmP-UFopmylSl0pKaoIzFpQKuBWjD71L4Ek/s/1689017698/br/163911110879-l> Where to File <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTUsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvZmlsaW5nL3doZXJlLXRvLWZpbGUtcGFwZXItdGF4LXJldHVybnMtd2l0aC1vci13aXRob3V0LWEtcGF5bWVudCIsImJ1bGxldGluX2lkIjoiMjAyMzA0MjQuNzU2OTkxMDEifQ.Q2Y2Lelgu_BWHJ6d0B1G-Aj1tha0JGuL1nhZSvxCXek/s/1689017698/br/163911110879-l> ------------------------------ Issue Number: N-23-34 Inside This Issue Notice 2023-34 <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTYsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvcHViL2lycy1kcm9wL24tMjMtMzQucGRmIiwiYnVsbGV0aW5faWQiOiIyMDIzMDQyNC43NTY5OTEwMSJ9.5n-36onc5KUb36W5mLbDIphsTRLzELRL02myU9kJtXA/s/1689017698/br/163911110879-l> 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. Back to Top <#m_1405215460097290305_Fifteenth> ------------------------------ 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.* ------------------------------ ------------------------------ This email was sent to g@xny.io by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535 [image: GovDelivery logo] <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjAsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vc3Vic2NyaWJlcmhlbHAuZ3JhbmljdXMuY29tLyIsImJ1bGxldGluX2lkIjoiMjAyMzA0MjQuNzU2OTkxMDEifQ.B0oUF5tIlqa2xzuvFLZau4OVG2fpv1_YiWCeIKoL8Ec/s/1689017698/br/163911110879-l>
participants (1)
-
Gunnar Larson