IRS' Crypto Leads Are Leaving the Agency After Accepting DOGE Deals
IRS' Crypto Leads Are Leaving the Agency After Accepting DOGE Deals
The pair took voluntary resignation offers and left their positions after only a little more than a year of government service, according to two people.
Two key figures from the IRS Digital Asset Initiative, Wilks and Mukherjee, recently decided to part ways with the agency after accepting voluntary resignation offers. They had been integral in developing strategies for crypto taxation during their brief tenure of a little over a year.
These experts brought valuable experience from their previous roles at TaxBit, ConsenSys, and Binance.US to the IRS in February 2024. Their main responsibilities involved enhancing the IRS' approach to crypto taxation by devising reporting mechanisms, ensuring compliance, and strengthening enforcement programs within the industry. Notably, they played a crucial role in updating the 1099-DA tax form last summer to simplify tax filings related to digital asset transactions for U.S. taxpayers.
Furthermore, Wilks served as the executive director of digital asset strategy and development at the IRS, while Mukherjee led the digital assets office. They were also actively involved in formulating tax regulations specific to cryptocurrencies.
Reportedly, more than 20,000 IRS employees opted for a deferred resignation scheme recently introduced by the agency. This initiative led these employees into administrative leave until September as per details shared by The New York Times.
Cheyenne Ligon provided additional reporting on this matter.
