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Coinbase Versus IRS Heats Up

Source: pymnts.com - Jan 3, 2017

There’s new news in the ongoing battle between bitcoin and ether exchange and platform startup Coinbase and the IRS. The request for Jeffrey Berns’ Coinbase user records has been nullified by the IRS, while the request for the other millions of accounts still remains.

For background: In mid-November of this year, the IRS sought access to Coinbase’s user records between December 31, 2013, and December 31, 2015, as part of an investigation into alleged tax violations connected to digital currency. When permission was granted, Coinbase user and attorney Jeffrey K. Berns filed a motion in federal court seeking to block the IRS from accessing personal, transactional and security data.

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Category: General Business