The US Internal Revenue Service, the statutory body responsible for collecting the US federal tax has proposed to impose a tax on non-fungible tokens (NFTs), considering them as collectibles. The IRS along with the Treasury Department released a document on 21 March 2023, seeking public opinion on the proposal. Notably, in the proposal, the IRS The post IRS Seeks Public Opinion for NFTs’ Treatment as Collectibles appeared first on Coin Edition .
