Looking at the bigger picture. A couple suing the federal tax agency over Tezos staking rewards taxation forgoes a tactical victory and engages in a court battle that could see rewards treated as created property rather than income.
) staking rewards taxation chose to forego a tactical victory and engage in a court battle that could eventually result in policy change.have sued the Internal Revenue Service
The fundamental point of contention underlying the lawsuit is the classification of staking rewards as either taxable income or created property, which is not taxed until it is sold. The Tezos bakers argue that earning coins by staking is akin to baking a cake or writing a book, and thus these coins should not be treated as taxable income.On Thursday, Joshua Jarrett released a statement that the U.S. Government has offered a refund of the taxes in question as part of the settlement.
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