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Trish Turner, the recent head of the IRS's digital assets division, has resigned after a brief three-month tenure. Her departure marks another transition in leadership for the agency's cryptocurrency unit, which has seen significant turnover. Turner expressed appreciation for her time at the IRS, highlighting her role in developing the agency's digital asset strategy.
Key Takeaways
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Trish Turner resigns as IRS crypto chief after only three months.
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She is moving to the private sector, joining the crypto tax firm Crypto Tax Girl.
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Turner's departure follows a pattern of short tenures in the IRS digital asset leadership role.
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Her move comes amid increased focus on crypto taxation and regulatory developments in the U.S.
A Swift Departure
Trish Turner announced her resignation from her position as the head of the Internal Revenue Service’s digital assets division via LinkedIn. Her tenure lasted approximately three months, having taken the helm in May. In her post, Turner reflected on her over 20 years with the IRS, stating, "After more than 20 years with the IRS, I have closed an extraordinary chapter of my career with deep appreciation for those who shaped my journey and made the work so meaningful." She also noted her contribution to "laying the groundwork for the IRS’s digital asset strategy as it shifted from niche to mainstream."
Moving to the Private Sector
While Turner did not initially disclose her future plans, reports indicate she will transition to the private sector. Bloomberg Tax, citing an interview with Turner, reported that she will be taking on the role of tax director at Crypto Tax Girl. The founder of Crypto Tax Girl, Laura Walter, confirmed Turner's move on LinkedIn, expressing excitement about her joining the firm to advise clients on upcoming crypto tax and compliance changes.
Context of Crypto Taxation
Turner's resignation occurs at a time of heightened scrutiny and evolving policy surrounding cryptocurrency taxation in the United States. Her departure follows that of her predecessors, Sulolit “Raj” Mukherjee and Seth Wilks, who also exited the IRS crypto unit after about a year. Recent developments include congressional hearings focused on establishing a tax policy framework for digital assets and recommendations for reforms in the IRS's handling of digital assets by the Treasury Inspector General for Tax Administration. Additionally, a previous rule requiring decentralized finance (DeFi) protocols to report transactions to the IRS was overturned.
Sources
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IRS Crypto Head Trish Turner Resigns From The Agency, Cointelegraph.
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