WARNING! IRS HAS OBTAINED RECORDS OF BITCOIN BUYERS AND SELLERS TO DETERMINE IF TAXPAYERS FAILED TO REPORT GAINS ON THEIR TAX RETURNS

In the Northern District of California federal court, the Internal Revenue Service (IRS) recently won a lawsuitagainst Coinbase, one of the largest Bitcoin wallet and exchanges, requiring it to hand over records relating to users who conducted Bitcoin trades worth more than $20,000 dating from 2013 to 2015. The court granted the IRS the right to obtain […]

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