The IRS lost two central directors working with cryptoinitiatives, Seth Wilks and Raj Mukherjee, Friday after they accepted postponed resignation directed by the Department of Government Efficiency.
Wilks and Mukherjee, both of which went to the IRS from the crypto industry, are technically still employees with the IRS for the next few months, but they are on paid administrative leave from Friday afternoon, two people who are familiar with the situation told Coindesk. President Donald Trump’s administration offered the postponement to a large number of federal employees earlier this year.
Wilks, formerly Vice President of Taxbit, and Mukherjee, formerly Consensys and Binance.us’ tax head, both joined the IRS Digital Asset initiative in February 2024, and was tasked with helping the IRS to build a better approach to crypto taxation, including the Agency’s efforts to build reports, overburdened and formal programs. to encrypt and coordinated with that industry. They worked on an updated 1099-when tax form that was shared last summer to help us fil for taxes tied to digital asset transactions.
The couple also monitored parts of the agency’s efforts to prepare tax rules for the crypto industry.
The IRS completed such a rule and introduced certain requirements for data collection on decentralized financing brokers (DEFI) during the diminishing days of the former Joe Biden administration. This rule was overturned by Congress earlier this year according to the Congressional Review Act in a joint decision signed by Trump.
Wilks was the IRS CEO of Digital Asset Strategy and Development, while Mukherjee was CEO of Office Digital Assets.
Both people who spoke to Coindesk noted that the two officials had accepted voluntary acquisitions, but that these deferred resignation came in front of expected cuts to the IRS staff.
More than 20,000 IRS employees signed up for the exposed resignation, the New York Times reported last month, when these employees were put on administrative leave through September.