Fitness coach takes IRS to court again in battle for crypto staking reward tax precedent
Fitness coach and part-time crypto investor Josh Jarrett has filed a lawsuit against the US Internal Revenue Service (IRS) over its tax policy on staking rewards.
In an Oct. 10 post on X, Jarrett shared that his 2021 attempt to clarify the issue was inconclusive as the IRS offered him a refund without addressing whether their tax stance on staking rewards was correct.
While Jarrett declined the refund then, he stated that he was suing the federal agency again due to his 2020 staking rewards.
The new legal battle seeks clarity on how the IRS treats staking rewards and aims to prevent similar issues from arising in the future.
His latest attempt is supported by the Washington, D.C.-based crypto advocacy group Coin Center.
