Published on May 19th, 2017 | by bitcoin0
IRS Told to Provide Answers on Bitcoin Tax Investigation to Congress.
Congressional leaders want answers about the Internal Revenue Service’s ongoing effort to obtain user records from digital currency exchange startup Coinbase.
The letter was addressed to IRS commissioner John Koskinen.
Since the IRS first went to court, both Coinbase and one of its customers moved to stifle the effort.
Notably, the three also asked whether the IRS would take a more hands-off approach to digital currencies in order to facilitate adoption.
“Will the IRS consider a de minimis exemption or other action to remove practical obstacles to such moderate, transactional use of digital currencies?”