ConsenSys releases statement of support for continuation of the Jarrett tax case
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ConsenSys issued a statement Feb. 7 in support of the appeal of the of Jarrett v. United States case concerning the taxation of staking rewards. The case originated in a dispute over a refund of about $4,000 that Joshua and Jessica Jarrett claimed on XTZ tokens they validated in 2019. The Jarretts claimed their staking rewards should be treated as property and taxable only on upon their sale. After the U.S. Internal Revenue Service (IRS) ignored their refund claim, the Jarretts filed suit. They issued the refund in 2022, but the Jarretts refused it, preferring to pursue their legal case.
It looks like the Internal Revenue Service (IRS) doesn’t have as much power as we thought. The agency is offering to pay a man named Joshua Jarrett, who allegedly was denied a refund two years ago... [[ This is a content summary only. Visit my website for full links, other…
The Department of Justice claims the case should be dismissed because the refund has been issued The couple said in February they would refuse the tax refund offered The Department of Justice has... [[ This is a content summary only. Visit my website for full links, other content, and more!…
A Texas federal judge has dismissed a lawsuit filed by blockchain development company Consensys against the U.S. Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, along with other commissioners. The lawsuit revolved around the SEC’s investigations into Ethereum (ETH) and its issuance of a Wells Notice regarding MetaMask,…