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March 22, 2017 - Court docs reveal less than 1,000 people report to IRS about bitcoin
Utzke said he ran a computer analysis on the IRS’s tax records and found out that less than a thousand people filed a Form 8949 for a “property description likely related to bitcoin.” Under current IRS rules, bitcoin owners are required to declare their profits using the said form.

March 20, 2017 - New IRS Filing Tries to Force Coinbase Into Handing Over its Data
The tax agency’s fight to obtain records on users between the years 2013 and 2015 has entered a new chapter, coming months after the IRS first sought court approval for its "John Doe" subpoena in November. Since then, both Coinbase and one of its customers, Jeffrey Berns, have filed to intervene in the case in a bid to stop what both parties have blasted as a regulatory overreach.

March 20, 2017 - IRS: 800 People Per Year Reporting and Falling
Escalating mining fees caused Coinbase to halt payment of fees for customer transactions from March 21, while most recently, it even began advising customers not to hold funds on its exchange books.

March 20, 2017 - Only 802 People Told the IRS About Bitcoin—Lawsuit
Those results reflect that in 2013, 807 individuals reported a transaction on Form 8949 using a property description likely related to bitcoin; in 2014, 893 individuals reported a transaction on Form 8949 using a property description likely related to bitcoin; and in 2015, 802 individuals reported a transaction on Form 8949 using a property description likely related to bitcoin.

March 13, 2017 - Cryptocurrencies vs. the IRS
Since 2014, cryptocurrencies like bitcoin have been considered property, not currencies, by the US Internal Revenue Service (IRS), meaning they are subject to property tax laws.

Feb 17, 2017 - Why IRS 1099-B tax form won’t work for all digital currency
“The only way I see the 1099-B working is if Coinbase customers never remove their assets from the Coinbase ecosystem. As soon as a customer moves bitcoin away from Coinbase (e.g. to a Bitcoin wallet on the customer’s phone), Coinbase loses the cost basis. Once the cost basis is lost, it’s impossible to determine any short or long term gains or losses. The 1099-B form asks for data that Coinbase simply does not have access to and is nearly impossible for a customer to accurately calculate,” Woodin told CalvinAyre.com.

January 26, 2017 - Is The IRS Justified In Demanding Information On Millions Of Bitcoin Users?
“They want every scrap of email. Every scrap of transaction history. They want to know the devices that accessed your account and how. They want the password that access your account and, as I read it, access to the virtual currency. I don’t know how many people understand that. Once you have private keys, it’s the password that controls your virtual currency, [the money] can be sent out anywhere and never recovered again.”

January 23, 2017 - Bitcoin Tracker: Smooth(ish) Sailing?
The IRS seeks access to Coinbase’s user records as part of an investigation into alleged tax violations connected to digital currency. Coinbase user and attorney Jeffrey K. Berns filed a motion in federal court to block the IRS from accessing Coinbase users’ personal, transactional and security data.

January 18, 2017 - Coinbase To IRS On Efforts To ID Bitcoin Customers: We Have A Suggestion
Armstrong suggests that the goal of tax compliance could be achieved while still protecting privacy by requiring that virtual currency companies issue a form 1099-B, just like brokers do. Currently, there is no third-party information for virtual currency which, IRS had argued in its original filing for the subpoenas means that the "likelihood of underreporting is significant."

January 18, 2017 - Bitcoin Battle Heats Up as Coinbase Moves to Fight IRS Demand
"If the IRS were to approach Citibank, Fidelity, or Paypal and ask them to turn over all customer records, they would rightfully push back. And I feel we have the same obligation to do so," wrote Coinbase CEO Brian Armstrong in a blog post after the filing.

January 10, 2017 - How Coinbase Traders Are Fighting Back IRS Attempts to Reveal Their Identities
Tax attorney Aaron Richter, who has written extensively about expanded IRS enforcement efforts in offshore and cryptocurrency areas, disagrees with this assessment. “I think the IRS will eventually prevail in the John Doe summons case, although the scope of the summons might be limited,” he told Motherboard.

January 5, 2017 - Jeffrey K Berns Files Second Motion to Oppose IRS Investigating Coinbase Users
Berns also argues the “misuse” of a John Doe summons by the government. He feels the IRS uses this tactic to evade inquiries regarding their motives for this investigation. So far, it remains unclear which basis can be used to defend the decision to investigate Coinbase users, particularly when it comes to tax evasion.

January 2, 2017 - Bitcoin Gains Mainstream Attraction in Switzerland Amid Price Rally
Around 50 percent of the front page of the Handelszeitung newspaper and its website was composed of bitcoin price coverage and regulatory issues, which most of the readers enjoyed. As bitcoin’s price rapidly climbed to US$950 in the past week, the Swiss news network continued to offer extensive coverage on bitcoin for investors and traders.

January 2, 2017 - IRS refuses to yield in Coinbase case, fires back at bitcoin customer
Coinbase, a start-up based in San Francisco with funding from several leading venture capital firms, was put under intense scrutiny after tax agents uncovered found three cases in which people were using Bitcoin to evade taxes. This prompted in the IRS request for a John Doe summon, which was approved by a Northern California District Court judge in November.

January 2, 2017 - Legal Sparring Continues in Bitcoin User’s Battle with IRS Tax Sweep
“Makes it clear that the IRS does not have a legitimate purpose in seeking substantial personal and financial information concerning approximately 3 million Americans.”

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