The key numbers in this Binance News item are 38 to 5. On September 16, the U.S. House Ways and Means Committee passed the Digital Asset Tax Certainty Act (H.R. 10357). The bill still needs to pass the House and Senate and be signed by the President.
Section 502, cited by NS3, requires the Treasury Secretary to establish a voluntary disclosure program within 12 months after the bill takes effect. Taxpayers who show that their noncompliance was not fraudulent or willful and file within the first 12 months after the program launches will not be penalized on the first $25,000 of tax underpaid in a year; amounts above that will be subject to a 5% penalty. Eligible taxpayers must also file amended returns and pay the outstanding tax, interest, and any applicable penalties.
The committee’s vote is only a procedural step. Whether the penalty relief takes effect depends on whether the bill becomes law and how the two 12-month periods are calculated.
#加密税务 #美国监管
Section 502, cited by NS3, requires the Treasury Secretary to establish a voluntary disclosure program within 12 months after the bill takes effect. Taxpayers who show that their noncompliance was not fraudulent or willful and file within the first 12 months after the program launches will not be penalized on the first $25,000 of tax underpaid in a year; amounts above that will be subject to a 5% penalty. Eligible taxpayers must also file amended returns and pay the outstanding tax, interest, and any applicable penalties.
The committee’s vote is only a procedural step. Whether the penalty relief takes effect depends on whether the bill becomes law and how the two 12-month periods are calculated.
#加密税务 #美国监管