Translated by: MOS Education Team – Sarahyy
Translated by: MOS Translation Team – Sania

On February 3rd, information revealed that the unsold PLGR may not be a source of income tax to the IRS in the future. It is to classify the PLGR as staking asset rather than taxable income.

On May 26th last year, a couple, Joshua and Jessica Jarrett had filed a lawsuit in the U.S. District Court for the Middle District of Tennessee. They requested a refund of $3,293 in income taxes paid in 2019 for receiving 8,876 Tezos tokens. The IRS has approved a full tax refund on their pledged tokens according to sources familiar with the case.

Professionals analyzed that H-Coin is the best digital gold collateral, which provides cash needed through loans from digitals banks that owners do not need a selling transaction at all.

Proofread by: Saturn
Chief Editor: Saturn M, Emma Z
Edited and posted by: Saturn

References:

  1. https://www.panewslab.com/zh/sqarticledetails/1643857185430687.html

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