# House Crypto Tax Bill Would Open 24-Month Window to Amend Past Returns

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/34953
Published: 2026-10-19T18:28:53.000Z
Updated: 2026-10-19T18:28:53.000Z
Section: Regulation

> Treasury would have 12 months after enactment to create the program. Participants would still owe unpaid tax, interest and any program penalty.

A House tax bill would give eligible U.S. crypto taxpayers a 24-month window to correct past returns under set penalty rates, while still requiring payment of unpaid tax and interest.

The Sept. 16 committee vote moved H.R. 10357, the Digital Asset Tax Certainty Act, toward a full House vote. The House Ways and Means Committee approved substitute language by voice vote, then voted 38-5 to report the amended bill to the House.

Under Section 502, Treasury would have 12 months after enactment to establish a digital asset disclosure program. Eligible taxpayers would have 24 months after the program opens to amend returns for affected tax years and pay any tax deficiency, interest and program penalty. Treasury could accept installment agreements.

The lower penalty schedule would require taxpayers to certify under penalty of perjury that none of their violations during the applicable period was fraudulent or willful. During the program’s first 12 months, certified filers would face a 0% penalty on up to $25,000 of tax deficiency per applicable year and 5% on the excess. After that initial window, the rates would rise to 5% on up to $100,000 per year and 10% on the excess.

Approved applicants who do not make the certification would face a 25% penalty on up to $25,000 of deficiency per applicable year and 40% on the excess during the first 12 months. Later filings would face rates of 40% and 50%, respectively. The bill sets a three-year lookback for certified taxpayers and a six-year lookback for others, subject to additional limits on applicable tax years.

Taxpayers already have ways to correct past returns. The IRS’s Criminal Investigation Voluntary Disclosure Practice addresses willful tax violations, while people correcting non-willful errors can file amended or past-due returns. The bill would add a digital asset-specific process with fixed deadlines and penalty rates.

The proposal comes as brokers begin reporting covered digital asset transactions on Form 1099-DA. Gross proceeds reporting applies to covered transactions starting Jan. 1, 2025, while basis reporting begins for certain transactions starting Jan. 1, 2026. Taxpayers may still need to calculate basis and gains or losses for 2025 activity.

The bill still needs approval from the full House and Senate before Treasury could begin the proposed 12-month implementation period.