Crypto and taxes — reporting requirements, IRS enforcement, and what digital asset holders need to know at tax time.
The Internal Revenue Service (IRS) has responded to a motion filed earlier this month by a Coinbase customer seeking to block the IRS from issuing a “John Doe” summons on Coinbase, a company which facilitates transactions of digital currencies like Bitcoin and Ethereum.
The Internal Revenue Service (IRS) is seeking authority, through the use of a “John Doe” summons, access to data on Coinbase users from 2013 to 2015. The Department of Justice (DOJ) has filed paperwork with the court seeking approval of the summons, which some critics have hailed as overbroad.