Notice ID: 23-326-OITA Description Digital assets (DA) are digital representations of value that use cryptography to secure transactions that are digitally recorded using distributed ledger technology on a distributed ledger, such as a blockchain1. Depending on the particular digital asset, individual units of a digital asset may be referred to as coins or tokens. Some digital assets are referred to as virtual currency or as cryptocurrency… The IRS Enterprise Digital Asset Initiative Project Office (DAIPO) is seeking innovative solutions that leverage available information to assist in its efforts to provide America’s taxpayers with top quality service by helping them understand and meet their tax responsibilities and to enforce the law with integrity and fairness to all. DAIPO is specifically seeking to improve our use of data and technology to identify and address noncompliance. We are primarily interested in solutions which can provide efficiencies to aid in compliance efforts to include, but not limited to, identifying digital asset transactions and transaction patterns, bulk data analysis, computing tax consequences of digital asset activity and assessing and analyzing digital asset transactions. The IRS seeks to enhance an internal tool, (used by our Large Business & International Division) for improved digital asset pricing data. Currently, daily average for pricing from various public sources (CoinMarketCap, investing.com, etc) is utilized. Request information on providers (vendors) for digital asset pricing data (hourly, minute, second). The IRS seeks assistance with the processing of large scale and/or bulk digital asset transactional data from DA platforms, and/or other sources (e.g., peer-to-peer), for the purposes of bulk data analysis, risk scoring and/or other blockchain analytics. The IRS seeks digital asset gain/loss computation solutions on large data sets of DA transactions that will allow for the IRS to be able to efficiently scale and calculate gains and/or losses. The IRS seeks DA custody and management solutions that provide secure, seamless, and automated processes to support asset seizure or recovery. Read more here.
Opportunities
Treasury IRS RFI: Digital Asset Marketplace AnalysisBy Jackie Gilbert
Notice ID: 23-326-OITA
Description
Digital assets (DA) are digital representationsJune 16, 2023