U.S. Proposes New Bill to Establish Digital Asset Voluntary Disclosure Program, Allowing Investors to Retroactively Report Historical Taxes
According to Cointelegraph, the U.S. Congress is advancing the Digital Asset Tax Certainty Act (H.R. 10357). Section 502 of the bill mandates that the U.S. Department of the Treasury establish a "Digital Asset Voluntary Disclosure Program" within 12 months of enactment, allowing compliant taxpayers to rectify past digital asset tax non-compliance by filing amended returns, paying back taxes and interest, and receiving penalty relief.
