Bitcoin Users Brace For Irs Audits From Coinbase Summons

IRS Coinbase investigation update29/11/2017  · A California federal court has ordered Coinbase to turn over identifying records for all users who have bought, sold, sent, or received more than $20,000 through their accounts in.

20/11/2016  · On Friday, Coinbase, the country’s largest Bitcoin exchanger, acknowledged it had received a summons sent by the IRS asking for information on its users.

6Wood, ‘‘Court Allows IRS John Doe Summons for Bitcoin,

The IRS summons to Coinbase appears to meet these criteria, at least at first glance. The United States District Court for the Northern District of California entered an order authorizing the IRS to serve the summons on Coinbase. The goal of the IRS summons is to obtain information about U.S. taxpayers who conducted transactions.

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