DOGE Deferred Resignation Plan: IRS Leaders Seth Wilks and Raj Mukherjee Step Down Amid Cryptocurrency Tax Policy Changes

In a significant shakeup in regulatory oversight, Seth Wilks and Raj Mukherjee, prominent leaders in cryptocurrency policy at the Internal Revenue Service (IRS), announced their resignation on May 3rd. This decision follows their acceptance of the government’s newly introduced DOGE Deferred Resignation Plan. Both Wilks and Mukherjee transitioned from the cryptocurrency sector to the IRS in 2024, bringing with them a wealth of expertise aimed at enhancing the agency’s cryptocurrency tax framework. Their tenure included spearheading the development of the innovative 1099-DA tax form, designed to streamline reporting for digital assets. This development is pivotal for investors and stakeholders as accurate tax reporting becomes increasingly crucial in the evolving landscape of digital currencies. The resignation of these key figures may raise questions about the future direction of the IRS’s policies regarding crypto taxation.