Tezos founder Josh Jarrett and his wife, Jessica, have filed a lawsuit against the IRS in a Tennessee Federal court. They argue that newly minted tokens from staking should only be considered taxable under specific conditions, challenging the agency’s current treatment of these assets.
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0 posts last weekFitness Coach Sues IRS Over Tax Treatment of Crypto Staking Rewards
Fitness coach Josh Jarrett is suing the IRS over its tax treatment of crypto staking rewards, arguing they should be classified as property rather than income. Supported by the advocacy group Coin Center, Jarrett claims the current policy leads to over-taxation and compliance issues, stifling innovation in the crypto space. He asserts that taxes should only apply when the tokens are sold, not when they are created.
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