Notice ID: DigitalAssetsFY25
The Internal Revenue Service (IRS) Chief Tax Compliance Officer, Office of Digital Asset Initiative (ODAI) has a requirement to obtain Digital Asset Basis Computation Support and is conducting market research to determine the availability of capable vendors that can perform these services…
Task 2 – Digital Asset Case (Basic Computation) Support
The Contractor shall provide examination and case selection support for diverse digital asset cases within Small Business Self-employed (SB/SE) and Large Business and International (LB&I)
A digital assets case may have a variety of transactions that occur on one or more public ledgers (blockchains), non-public transactions facilitated through digital assets exchanges or other intermediaries or peer-to-peer transactions. The Contractor shall provide support for examination case support for up to 260 taxpayer digital asset examination cases. Examination case support includes, but is not limited to: ad hoc case discussions, bulk data analysis, data ingestion, data standardization, valuation in fiat currencies, and generating reports to support income, gain and/or loss computations for digital asset activities. A digital asset examination case may have up to 1.5 million digital asset transactions in one or more tax years, and up to 100 different digital asset classes.
3.3 Task 3 – Data Ingest Support
The absence of an industry standard for data formatting creates challenges for the IRS in interpreting and analyzing data generated by digital assets transactions. Contractors in the digital asset market have proprietary means to standardize data formats from diverse sources, making the information readable on IRS systems and available for analysis. The Contractor shall provide support for 440 volume enhancements. A volume enhancement is a case with over 1.5 million transactions that includes up to an additional 500,000 transactions, for a total of up to 2 million total transactions. Any one of the cases defined in 3.2 above could have one or more volume enhancements. Requesting support for 190 asset enhancements. In addition to volume enhancements, any one of the cases defined in 3.2 above could have one or more asset enhancements. An asset enhancement is a case with over 100 different digital assets that includes up to an additional 25 different digital assets, for a total of up to 125 different digital assets. The Contractor shall provide support as well to ingest data from 30 new sources that are in addition to the Contractor’s current ability to ingest data from third parties such as, any blockchain that is listed on a major exchange. A new source does not include (but, not limited to):
- Any data found on a public ledger.
- A change in formatting or other modification by a third party to the data.
- Transactions if the Contractor had previously received data from that third party…