House Crypto Tax Bill Would Open 24-Month Window to Amend Past Returns

A House tax bill would give eligible U.S. crypto taxpayers a 24-month window to correct past returns under set penalty rates, while still requiring payment of unpaid tax and interest. The Sept. 16 committee vote moved H.R. 10357, the Digital Asset Tax Certainty Act, toward a full House vote. The House Ways and Means Committee approved substitute language by voice vote, then voted 38-5 to report the amended bill to the House. Under Section 502, Treasury would have 12 months after enactment to establish a digital asset disclosure program.

Source: TokenPost