18 Nov '16, 6pm

The IRS is Seeking Data on Coinbase's Bitcoin Customers

The IRS is Seeking Data on Coinbase's Bitcoin Customers

The Internal Revenue Service (IRS) is seeking access to user records held by bitcoin and ether exchange Coinbase as part of a taxpayer investigation. The US tax agency filed a petition in the District Court for the Northern District of California on 17th November asking for permission to serve a summons to Coinbase over user information, court records show . The targets of the investigation are not directly named, but are rather referred to as a group of "John Does" who are believed to have avoided or failed to have paid taxes on transactions involving digital currencies. Now, it seems, the IRS is looking to more aggressively police digital currency users in the US, and the investigation itself focuses on taxpayers who transacted between 2013 and 2015. Attorneys for the US government wrote: "The 'John Doe' summons relates to the investigation of an ascertainable group or c...

Full article: http://www.coindesk.com/irs-seeking-data-coinbases-bitcoi...

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