High-profile IRS official Trish Turner has stepped down as head of the digital assets division just three months after her appointment.
Leadership Change at the IRS
Trish Turner announced her departure from the IRS via LinkedIn on Friday. She held the position of head of the digital assets division for only three months, but has been with the IRS for nearly 20 years. Her resignation marks the end of two decades at the tax office. She played a significant role in developing the IRS's digital asset strategy during a time when cryptocurrencies transitioned into mainstream financial tools.
Turner Moves to Crypto Tax Girl
According to Bloomberg Tax, Trish Turner is moving to the cryptocurrency tax firm Crypto Tax Girl, where she will serve as tax director. She will focus on the private sector this time, aiming to establish connections between industry participants and regulators to ensure that both parties' interests are addressed.
New Tax Rules for the Crypto Industry
Meanwhile, the crypto industry is bracing for the introduction of new tax rules in 2026. Starting next year, crypto brokers will be required to report both the total amount and the original cost of digital asset sales to the IRS using a new form called 1099-DA. This initiative aims to minimize errors and improve accuracy in tax reporting. Interestingly, decentralized finance (DeFi) platforms will not be affected by these upcoming rules.
Trish Turner's resignation and her move to the private sector highlight shifts in the approach to cryptocurrency regulation in the U.S., as well as the forthcoming tax law changes that will impact the entire industry.
