According to Blockworks, the U.S. Internal Revenue Service Digital Asset Initiative Project Office (DAIPO) recently issued a request for sources, hoping to obtain cooperation and assistance from the crypto industry to improve crypto tax compliance.
According to the notice, the IRS hopes that industry partners and other parties can provide solutions and product ideas to help the agency improve its pricing and market data capabilities. They seek cooperation and information sources from all parties and focus on solutions that can improve efficiency, including identifying digital asset transactions and transaction patterns, batch data analysis, calculating the tax consequences of digital asset activities, and evaluating and analyzing digital asset transactions.
Currently, the IRS uses a number of public sources for digital asset prices, such as CoinMarketCap and Investing.com, but is looking for other providers that can provide pricing data at the hour, minute and second level.