Proposed Rule2023-24608
Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 7, 2023
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document reschedules and changes to telephonic-only the public hearing originally scheduled for November 7, 2023, for a notice of proposed rulemaking (REG-122793-19) that was published in the Federal Register on Tuesday, August 29, 2023. The rescheduled hearing will be held on November 13, 2023, at 10 a.m. ET by telephone only. 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.
Full Text
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<title>Federal Register, Volume 88 Issue 214 (Tuesday, November 7, 2023)</title>
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[Federal Register Volume 88, Number 214 (Tuesday, November 7, 2023)]
[Proposed Rules]
[Pages 76717-76718]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-24608]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1, 31, and 301
[REG-122793-19]
RIN 1545-BP71
Gross Proceeds and Basis Reporting by Brokers and Determination
of Amount Realized and Basis for Digital Asset Transactions
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notification of rescheduling of public hearing on a proposed
rulemaking.
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SUMMARY: This document reschedules and changes to telephonic-only the
public hearing originally scheduled for November 7, 2023, for a notice
of proposed rulemaking (REG-122793-19) that was published in the
Federal Register on Tuesday, August 29, 2023. The rescheduled hearing
will be held on November 13, 2023, at 10 a.m. ET by telephone only. 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.
DATES: The previously scheduled public hearing for the notice of
proposed rulemaking published on August 29, 2023 (88 FR 59576), has
been rescheduled to a telephonic-only hearing on November 13, 2023, at
10 a.m. ET.
ADDRESSES: Commenters are strongly encouraged to submit public comments
electronically. Submit electronic submissions via the Federal
eRulemaking Portal at <a href="http://www.regulations.gov">www.regulations.gov</a> (indicate IRS and REG-122793-
19) by following the online instructions for submitting comments. Once
submitted to the Federal eRulemaking Portal, comments cannot be edited
or withdrawn. The Department of the Treasury and the IRS will publish
any comments submitted electronically or on paper to the public docket.
Send paper submissions to CC:PA:01:PR (REG-122793-19), Room 5203,
Internal Revenue Service, P.O. Box 7604, Ben Franklin Station,
Washington, DC 20044. Submissions may be hand-delivered Monday through
Friday between the hours of 8 a.m. and 4 p.m. to CC:PA:01:PR (REG-
122793-19), Courier's Desk, Internal Revenue Service, 1111 Constitution
Ave. NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT: Concerning submissions of comments
[[Page 76718]]
and requests to participate in the telephonic public hearing, email
<a href="/cdn-cgi/l/email-protection#1c6c697e70757f74797d6e75727b6f5c756e6f327b736a"><span class="__cf_email__" data-cfemail="cdbdb8afa1a4aea5a8acbfa4a3aabe8da4bfbee3aaa2bb">[email protected]</span></a> (preferred) or call (202) 317-6901 (not a toll-
free number).
SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and request
for comments that appeared in the Federal Register on Tuesday, August
29, 2023 (88 FR 59576), announced that written or electronic comments
must be received by October 30, 2023. In a notification published on
October 24, 2023 (88 FR 73300), the due date to receive written
comments was extended to Monday, November 13, 2023.
The public hearing previously scheduled for November 7, 2023, at 10
a.m. ET, has been rescheduled for November 13, 2023, at 10 a.m. ET, and
will be conducted by telephone only.
Persons who wished to present oral comments at the public hearing
were required to submit written or electronic comments and an outline
of the topics to be discussed as well as the time to be devoted to each
topic, not to exceed ten minutes in total. Requests, with the outline
of the topics to be discussed, were required to be made by email to
<a href="/cdn-cgi/l/email-protection#265653444a4f454e4347544f484155664f545508414950"><span class="__cf_email__" data-cfemail="b0c0c5d2dcd9d3d8d5d1c2d9ded7c3f0d9c2c39ed7dfc6">[email protected]</span></a> by October 30, 2023. This due date for requests
to testify has not been extended. Persons who made timely requests to
testify will receive the telephone number and access code for the
rescheduled public hearing.
Individuals who have already sent an email to
<a href="/cdn-cgi/l/email-protection#d3a3a6b1bfbab0bbb6b2a1babdb4a093baa1a0fdb4bca5"><span class="__cf_email__" data-cfemail="e69693848a8f858e8387948f888195a68f9495c8818990">[email protected]</span></a> to request to attend the hearing by telephone or
in person do not need to make a second request to attend the
rescheduled hearing being held by telephone only. The IRS will provide
those individuals with a telephone number and access code for the
rescheduled hearing by email.
Additional individuals who want to attend the rescheduled
telephonic public hearing without testifying must send an email to
<a href="/cdn-cgi/l/email-protection#b8c8cddad4d1dbd0ddd9cad1d6dfcbf8d1cacb96dfd7ce"><span class="__cf_email__" data-cfemail="9dede8fff1f4fef5f8fceff4f3faeeddf4efeeb3faf2eb">[email protected]</span></a> to receive the telephone number and access code
for the public hearing. The subject line of the email must contain the
regulation number ``REG-122793-19'' and the words ``ATTEND Hearing
Telephonically''. For example, the subject line may say: ``Request to
ATTEND Hearing Telephonically for REG-122793-19.'' These new requests
to attend the public hearing must be received by 5 p.m. ET on November
9, 2023. All individuals who timely request to attend the public
hearing will receive the telephone number and access code.
Adrienne Griffin,
Branch Chief (Procedure & Administration).
[FR Doc. 2023-24608 Filed 11-3-23; 11:15 am]
BILLING CODE 4830-01-P
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