As the Infrastructure Investment and Jobs Act goes into effect in 2023, businesses, taxpayers, crypto exchanges, and the IRS will all need to adapt to the new tax reporting requirements. While the new law will help taxpayers simplify their crypto-tax responsibilities, it will also result in major operational changes for crypto exchanges and the IRS.

To support the new law, the IRS must update its systems and processes to accommodate the influx of large volumes of complex digital transaction data as well as prepare and train personnel.

Join MeriTalk and TaxBit at the City Club of Washington on Wednesday, July 27, 2022, from 10:30 a.m. to 12:00 p.m. for “Crypto Accounting: Implementing New Reporting Rules.” Featuring a talk from Harrison Smith, Co-Director, Enterprise Digitalization & Case Management Office at the IRS, this roundtable will bring together government leaders and cryptocurrency tax experts for an interactive discussion on how financial regulatory agencies can integrate the new cryptocurrency reporting requirements into current tax reporting processes.