TezosNode operator Josh Jarrett sues the IRS again over stake reward tax policy

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2024-10-11 00:31:23

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PANews, October 11th - Josh Jarrett, the operator of TezosNode, has once again sued the Internal Revenue Service (IRS) challenging its regulations that stake rewards should be taxed as income. Jarrett previously sued the IRS in 2021 for his 2019 tax bill, but the case was dismissed as ‘insignificant’ in September 2024. In this lawsuit, he seeks a permanent injunction prohibiting the IRS from taxing stake token rewards as income and requests a refund of $12,179 in taxes paid in 2020 for 13,000 Tezos tokens. Industry organizations such as Coin Center support this case, arguing that stake rewards should be taxed as property rather than income.

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