30 Nov '16, 9pm

Bitcoin service ordered to hand over two years of user records to IRS

Today in Northern California District Court, a federal judge ordered the Bitcoin wallet service Coinbase to hand over records of all transactions that took place during 2014 or 2015, as part of a larger investigation into possible tax fraud by Coinbase users. “The taxpayers being investigated have not been or may not be complying with U.S. internal revenue laws requiring the reporting of taxable income from virtual-currency transactions,” the IRS wrote in its request. As a result, the agents argued, anyone conducting a virtual-currency transaction during that period could be reasonably suspected of tax fraud, and requested transaction records on that basis. While money made through Bitcoin trading is taxable as income , reporting of that income is often inconsistent, so it is likely the records contain at least some instances of tax evasion. While transactions between wall...

Full article: http://www.theverge.com/2016/11/30/13799638/coinbase-bitc...

Tweets

Coinbase ordered to turn over customers' record...

cnet.com 01 Dec '16, 1am

Bitcoin exchange Coinbase has been ordered to surrender records on customers' trades in the virtual currency to the IRS as...

Coinbase ordered to turn over customers' record...

cnet.com 01 Dec '16, 2am

Bitcoin exchange Coinbase has been ordered to surrender records on customers' trades in the virtual currency to the IRS as...

Bitcoin wallet service ordered to give IRS 3 years of user data

Bitcoin wallet service ordered to give IRS 3 ye...

rt.com 01 Dec '16, 9pm

Bitcoin wallet service ordered to give IRS 3 years of user data Published time: 1 Dec, 2016 21:01 Get short URL © Jim Urqu...

Bitcoin Exchange Ordered to Give IRS Years of D...

gizmodo.com 01 Dec '16, 3am

On Wednesday, a federal judge authorized a summons requiring Coinbase, America’s largest Bitcoin service, to provide the I...

Largest US Bitcoin Exchange Ordered To Disclose...

zerohedge.com 02 Dec '16, 1am

A federal court in the Northern District of California entered an order today authorizing the Internal Revenue Service (IR...

Bitcoin Exchange Ordered To Give IRS Years of D...

yro.slashdot.org 01 Dec '16, 8pm

Last month, instead of asking for data relating to specific individuals suspected of a crime, the Internal Revenue Service...

IRS Wants to Identify Bitcoin Users, Spy Into C...

blogs.findlaw.com 29 Nov '16, 6pm

The IRS is looking for tax money wherever it can, but is finding that it's not so easy in the world of virtual currency. B...

Court Rules IRS Can Seek Information on Bitcoin...

wsj.com 01 Dec '16, 5am

A federal court on Wednesday ruled that the Internal Revenue Service can serve digital-currency-services company Coinbase ...

Bitcoin targeted by the #IRS #cryptocurrency #bitcoin

Bitcoin targeted by the #IRS #cryptocurrency #b...

newstarget.com 04 Dec '16, 11am

Often referred to as the people’s currency , Bitcoin has been controversial since its inception. Since Bitcoin doesn’t req...

IRS Casts Unusually Wide Net for Bitcoin User Data

IRS Casts Unusually Wide Net for Bitcoin User Data

americanbanker.com 28 Nov '16, 7pm

IRS Casts Unusually Wide Net for Bitcoin User Data By Lalita Clozel November 28, 2016 Twitter LinkedIn Facebook Google + E...

It's game day! Shuttle service to @CWStadium will start at 5p today.

It's game day! Shuttle service to @CWStadium wi...

golynx.com 03 Dec '16, 5pm

LYNX will be providing shuttle service to Camping World Stadium on Saturday, Dec. 3 for the ACC Football Championship game...

Why Bitcoin Buyers Don't Need to Panic Over IRS...

fortune.com 29 Nov '16, 6pm

Why Bitcoin Buyers Don’t Need to Panic Over IRS Probe of Coinbase The Internal Revenue Service ordered the popular bitcoin...

#bitcoin

coin-etf.com 08 Dec '16, 3pm

The IRS Must Adapt to Cryptocurrency Not Accuse Bitcoin Users of Tax Avoidance

The IRS Must Adapt to Cryptocurrency Not Accuse...

financemagnates.com 25 Nov '16, 1pm

It was recently reported that the IRS filed a petition in US federal court seeking full disclosure of Coinbase’s American ...

Court Allows IRS to Order Bitcoin Exchange Coin...

reason.com 03 Dec '16, 2am

A federal court in the Northern District of California entered an order today authorizing the Internal Revenue Service (IR...