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US Tax Agency moves to dismiss lawsuit by Tezos stakers who refused refund, demanded trial

2022/03/03 01:46

According to CoinDesk, the IRS filed to dismiss a lawsuit from two Tezos stakers Monday, saying the agency had already refunded just under $4,000 in taxes plus interest to the individuals.
Joshua and Jessica Jarrett sued the IRS in 2021 on claims that they should not have had to pay income tax on Tezos tokens they gained by staking on the network. In December, the IRS offered a refund to the couple, who said they refused to accept it so as to force a federal court to make a ruling on whether the IRS can tax crypto gained through staking as income (in addition to taxing crypto transactions as a capital gain or loss).
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