Digital asset public hearing rescheduled for Nov. 13


IR-2023-204, Nov. 2, 2023

WASHINGTON — The Internal Revenue Service announced today that the hearing on proposed regulations regarding digital asset transactions currently scheduled for Nov. 7 has been rescheduled for Nov. 13, 2023.

The hearing date change to Nov. 13 coincides with the deadline for the last day of comments on a notice of proposed rulemaking (REG-122793-19) that was published in the Federal Register on Tuesday, Aug. 29, 2023. The proposed regulations relate to information reporting by brokers, the determination of amount realized and basis, and backup withholding, for certain digital asset sales and exchanges.

Given the large amount of interest in the issue, the IRS wanted to give as much advance public notice of the change in advance of the Federal Register notice. In addition, the hearing will be conducted telephonically, rather than at the IRS headquarters building in Washington. The Federal Register will have additional details on how the public can listen to the hearing.

Persons who have signed up to speak at the hearing will be contacted individually and will be provided the telephone number and access code for the rescheduled public hearing, as will persons who have signed up to attend the hearing.

Additional details about the hearing will be in the Federal Register notice.