Bitcoin anonymity no longer guaranteed; summons served to U.S. exchange

#bitcoin anonymity no longer guaranteed; summons served to U.S. exchange

  • Stolen iron gate of Nazi death camp found in Norway: police
  • The CEO of Levi’s Has Politely Asked Customers to Not Bring Guns Into the Store
  • The characteristics of virtual currencies could enable them to replace traditional abusive tax arrangements as the preferred method for tax evaders.”
  • Officers can be heard at least 10 times ordering Mr Scott to drop the gun,” the prosecutor said, referring to videos of the incident.
  • Breitbart News is blasting the decision by Kellogg’s to pull its advertising from the far-right conservative website and encouraging its readers to boycott the breakfast cereal maker. “

Coinbase, the largest U.S. Bitcoin exchange, was served with a John Doe summons demanding 2014 to 2015 customer transaction records. The IRS argued in federal court that customer anonymity argued a basis for concern about tax evasion.
Continue reading “Bitcoin anonymity no longer guaranteed; summons served to U.S. exchange”

Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.

  • The characteristics of virtual currencies could enable them to replace traditional abusive tax arrangements as the preferred method for tax evaders.”
  • The documents filed the week indicated that the tax agency was interested in going after both large tax evaders as well as small-time Bitcoin users who might not be recording their virtual currency transactions properly for tax purposes.
  • The document, a so-called John Doe summons, said that an I.R.S. agent recently found three cases in which people were using Bitcoin to evade taxes – two of which involved Coinbase customers.
  • The agency’s guidance said that people should treat their virtual currency as property, rather than currency, for tax purposes.
  • DealBook | Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.

The I.R.S. has asked Coinbase, the largest Bitcoin exchange in the United States, for the records of customers who bought virtual currency from 2013 to 2015.
Continue reading “Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.”

Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.

  • The characteristics of virtual currencies could enable them to replace traditional abusive tax arrangements as the preferred method for tax evaders.”
  • The documents filed the week indicated that the tax agency was interested in going after both large tax evaders as well as small-time Bitcoin users who might not be recording their virtual currency transactions properly for tax purposes.
  • The document, a so-called John Doe summons, said that an I.R.S. agent recently found three cases in which people were using Bitcoin to evade taxes – two of which involved Coinbase customers.
  • The agency’s guidance said that people should treat their virtual currency as property, rather than currency, for tax purposes.
  • DealBook | Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.

The I.R.S. has asked Coinbase, the largest Bitcoin exchange in the United States, for the records of customers who bought virtual currency from 2013 to 2015.
Continue reading “Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.”

Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.

  • The summons comes shortly after the Treasury Departmentâ s inspector general issued a report chastising the tax agency for not taking more aggressive action to curb â unlawful activities by those who use virtual currencies.â
  • DealBook | I.R.S. Is Seeking Tax Evaders Who Use Bitcoin
  • The document, a so-called John Doe summons, said that an I.R.S. agent recently found three cases in which people were using Bitcoin to evade taxes â two of which involved Coinbase customers.
  • The Internal Revenue Service is on the hunt for people who used Bitcoin to evade taxes.
  • The tax agency sent a broad request on Thursday to Coinbase, the largest Bitcoin exchange in the United States, asking for the records of all customers who bought virtual currency from the company from 2013 to 2015.

The I.R.S. has asked Coinbase, the largest Bitcoin exchange in the United States, for the records of customers who bought virtual currency from 2013 to 2015.
Continue reading “Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.”

Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.

  • The summons comes shortly after the Treasury Departmentâ s inspector general issued a report chastising the tax agency for not taking more aggressive action to curb â unlawful activities by those who use virtual currencies.â
  • DealBook | I.R.S. Is Seeking Tax Evaders Who Use Bitcoin
  • The document, a so-called John Doe summons, said that an I.R.S. agent recently found three cases in which people were using Bitcoin to evade taxes â two of which involved Coinbase customers.
  • The Internal Revenue Service is on the hunt for people who used Bitcoin to evade taxes.
  • The tax agency sent a broad request on Thursday to Coinbase, the largest Bitcoin exchange in the United States, asking for the records of all customers who bought virtual currency from the company from 2013 to 2015.

The I.R.S. has asked Coinbase, the largest Bitcoin exchange in the United States, for the records of customers who bought virtual currency from 2013 to 2015.
Continue reading “Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.”

Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.

  • The characteristics of virtual currencies could enable them to replace traditional abusive tax arrangements as the preferred method for tax evaders.”
  • The documents filed the week indicated that the tax agency was interested in going after both large tax evaders as well as small-time Bitcoin users who might not be recording their virtual currency transactions properly for tax purposes.
  • The document, a so-called John Doe summons, said that an I.R.S. agent recently found three cases in which people were using Bitcoin to evade taxes – two of which involved Coinbase customers.
  • The agency’s guidance said that people should treat their virtual currency as property, rather than currency, for tax purposes.
  • DealBook | Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.

The I.R.S. has asked Coinbase, the largest Bitcoin exchange in the United States, for the records of customers who bought virtual currency from 2013 to 2015.
Continue reading “Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.”

Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.

  • The summons comes shortly after the Treasury Departmentâ s inspector general issued a report chastising the tax agency for not taking more aggressive action to curb â unlawful activities by those who use virtual currencies.â
  • DealBook | I.R.S. Is Seeking Tax Evaders Who Use Bitcoin
  • The document, a so-called John Doe summons, said that an I.R.S. agent recently found three cases in which people were using Bitcoin to evade taxes â two of which involved Coinbase customers.
  • The Internal Revenue Service is on the hunt for people who used Bitcoin to evade taxes.
  • The tax agency sent a broad request on Thursday to Coinbase, the largest Bitcoin exchange in the United States, asking for the records of all customers who bought virtual currency from the company from 2013 to 2015.

The I.R.S. has asked Coinbase, the largest Bitcoin exchange in the United States, for the records of customers who bought virtual currency from 2013 to 2015.
Continue reading “Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.”