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Two IRS Crypto Heads Accepting DOGE’s Deferred Departure Offer
In a shocking move, Seth Wilks and Raj Mukherjee, two high-ranking IRS officials in charge of crypto taxation and compliance policy, have accepted deferred resignation offers under the Department of Government Efficiency’s (DOGE) program. This sudden departure comes amid a reorganization effort targeting federal agencies, including the Internal Revenue Service.
According to sources, both officials will remain on paid administrative leave for several months before formally departing from their positions. Their exit is expected to significantly impact how digital assets are tracked and taxed by the IRS, leaving a leadership void in the process.
Wilks and Mukherjee were instrumental in designing crypto tax rules and overseeing the rollout of Form 1099-DA, which aimed to improve U.S. taxpayers’ reporting mechanics for tax liability on cryptocurrencies. Their departure has sparked concerns about regulatory gaps and potential disruptions in the cryptocurrency space.
The DOGE program, launched earlier this year, has already enrolled over 20,000 IRS employees. The sudden surge in resignations may signal a larger issue with federal agencies struggling to retain talent amid budget constraints and shifting priorities.
As the IRS crypto leadership undergoes significant changes, the fate of digital asset regulation remains uncertain. The agency’s stance on taxation and compliance policies is now under scrutiny, leaving room for speculation on potential shifts in direction.
Their departure raises crucial questions about the future of effective crypto regulation in the face of mass departures. Without immediate replacements announced, uncertainty surrounds how the IRS will maintain its initiatives amid this shakeup.
Source: https://cryptotale.org/two-irs-crypto-heads-accepting-doges-deferred-departure-offer/
