The IRS May Get consent to oversight Coinbase Tax Probe – Bitcoints

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Published on November 14th, 2017 | by bitcoin

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The IRS May Get consent to oversight Coinbase Tax Probe

The IRS May Get consent to oversight Coinbase Tax Probev. Coinbase 17-01431.” The recent hearing discussed the proposed IRS tax probe of Coinbase customers who used the platform from 2013-2015.
According to multiple news outlets which attended the hearing, the U.S. Magistrate Judge, Jacqueline Scott Corley, has shown she favors the arguments brought forth by the IRS and believes the probe is warranted.
The IRS: ‘Out of 500,000 Customers Less Than 900 Per Year Are Paying Taxes’
The IRS issued its request a year ago in November and has been fighting with Coinbase in court ever since.
taxpayers, including Coinbase users, have made use of virtual currencies to avoid the reporting and payment of taxes,” explains the U.S. tax agency.
Images via Shutterstock, the IRS, and Coinbase.

Source: News.bitcoin.com

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