It’s deja vu all over again as the Internal Revenue Service (IRS) is seeking to access customer data from Bitstamp. As with the Coinbase case,
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Coinbase Will Turn Over Court-Ordered Data
In the battle between the Internal Revenue Service (IRS) and Coinbase, a company which facilitates transactions of digital currencies like Bitcoin and Ethereum, Coinbase has announced that it has officially notified affected customers that it will comply with a court order.
Read MoreIRS Wins Big In Bid For Coinbase Customer Data
The IRS has notched a win in its battle for data from Coinbase. The IRS may legally investigate Coinbase account holders who may not have paid federal taxes on their virtual currency profits, but the scope of the summons has been dramatically narrowed.
Read MoreIRS Responds To Privacy, Other Challenges In Bitcoin Records Fight
The federal government fired back last week as answered opposition to its ongoing court case between the Internal Revenue Service (IRS) and Coinbase, a company which facilitates transactions of digital currencies like Bitcoin and Ethereum.
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Bitcoin Fork Could Trigger Tax Bills
Technology has changed the way that we think about money. Next month, the way we think about money may change again following a potential shift in the blockchain world and that could cause tax headaches for some users.
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Anonymous Coinbase Customer Will Challenge IRS
“John Doe 4” has been granted the right to intervene in an ongoing court case between the Internal Revenue Service (IRS) and Coinbase. That gives the anonymous Coinbase customer the ability to contest the IRS’ efforts to identify and obtain Coinbase customer information.
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Node40 CEO: Form 1099-B Won’t Work For All Virtual Currency
New reporting requirements for virtual currency feels like a good idea but not everyone is on board with requiring virtual currency companies to issue a form 1099-B. Perry Woodin, the CEO of Node40, a blockchain governance company, believes the result would be a deeply flawed system.
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