IRS

IRS

14,000 Coinbase Customers Could Be Affected by IRS Tax Summons

Digital currency exchange startup Coinbase is pushing back against a renewed court effort by the Internal Revenue Service to obtain information on some of its customers. Earlier this month, the IRS sought to narrow the scope of its investigation of the startup’s customers after running into opposition from both Coinbase itself as well as several […]

Policy & regulation  ·  31 July 2017
IRS

$20,000: IRS to Exempt Casual Bitcoin Buyers From Coinbase Data Request

The Internal Revenue Service is seeking a narrower focus in its investigation of digital currency startup Coinbase.

Policy & regulation  ·  10 July 2017
IRS

US Congressional Group Calls on IRS to Clarify Bitcoin Tax Guidance

A US congressional caucus is calling for more guidance from the Internal Revenue Service on the tax requirements for digital currencies like bitcoin.

Policy & regulation  ·  7 June 2017
IRS

The IRS is Due to Present its Digital Currency Strategy to Congress Next Week

Congress wants answers from the Internal Revenue Service about its investigation into bitcoin tax avoidance – and they’re due by next week.

Policy & regulation  ·  1 June 2017
IRS

Congress Seeks Answers From IRS About Its Bitcoin Tax Investigation

Congressional leaders want answers about the Internal Revenue Service's ongoing effort to obtain user records from Coinbase.

Markets  ·  18 May 2017
IRS

Coinbase Users Ask Court to Stop IRS Bitcoin Tax Hunt

Two unnamed Coinbase customers are seeking to stop the IRS from obtaining records on the digital currency exchange's user base, court records show.

Policy & regulation  ·  16 May 2017
Exchanges

New IRS Filing Tries to Force Coinbase Into Handing Over its Data

The IRS has asked a federal court to compel digital currency exchange Coinbase to provide it with user records in response to a subpoena.

Markets  ·  16 March 2017
IRS

IRS Seeks to Delay Hearing in Coinbase Data Dispute

The Internal Revenue Service has requested a delay for an upcoming hearing in its ongoing court dispute with digital currency exchange Coinbase.

Markets  ·  2 February 2017
Exchanges

The IRS is Trying to Keep Coinbase From Defending its Customer Data

The IRS is pushing back against Coinbase's efforts to intervene in a case over bitcoin user records.

Policy & regulation  ·  26 January 2017
Exchanges

Coinbase CEO: IRS Battle Could Cost Startup $1 Million

Coinbase CEO Brian Armstrong recently weighed in on his startup's ongoing fight with the IRS.

Business  ·  16 January 2017
IRS

Coinbase Prepares to Fight IRS Summons With New Court Filing

An attempt by the IRS to obtain user records from digital currency exchange Coinbase just got more complicated.

Policy & regulation  ·  13 January 2017
Exchanges

Why I’m Fighting the IRS’s Bitcoin Privacy Invasion

One lawyer is fighting back against what he sees as a government overreach that affects bitcoin users. Here's his story.

Markets  ·  12 January 2017
IRS

The IRS is Catching Flack Again for Weak Bitcoin Guidance (This Time on IRAs)

A US government watchdog wants more guidance from the IRS on investing retirement accounts in digital currencies and other "unconventional assets".

Policy & regulation  ·  11 January 2017
Exchanges

Coinbase’s IRS Dispute Isn’t Just About Bitcoin

Think Coinbase's IRS issues are about bitcoin alone? The implications are far more broad, CoinDesk's Noelle Acheson argues.

Policy & regulation  ·  3 January 2017
Exchanges

Coinbase Customer Doubles Down on Legal Action Against IRS

A Coinbase user resisting an IRS request for customer data has refused to abandon the fight, but experts say the tax agency's actions were expected.

Business  ·  30 December 2016