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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.”

December 23, 2016 - Why US Intelligence Experts Have Been Monitoring Bitcoin
Juan Zarate, senior adviser at the Center for Strategic and International Studies and also on the board of advisers for Coinbase, told the weekly news magazine that virtual currencies pose a challenge. It runs contrary to the fundamentals of transparency and accountability that have been built over the last three decades to tackle terrorism, human trafficking, money-laundering and many other types of criminal activity.

2016.12.22 - Why Trump Budget Chief Pick is Good for Bitcoin
The legal and tax status of Bitcoin in the United States has remained murky, but with Trump's appointment pro-Bitcoin Mick Mulvaney to head the Office of Management and Budget, it may signal a favorable stance toward the digital currency over the next few years. (See also: Bitcoin is Money, Rules Federal Judge in Landmark Case)

December 20, 2016 - Customer Sues IRS to Halt Probe of Coinbase Bitcoin Accounts
A hearing over the subpoena is currently scheduled for January 17 of next year. So far, Coinbase has yet to turn over any of the customer information.

December 20, 2016 - Privacy Nightmare? Motion Filed to Quash IRS Bitcoin Summons
Principal Deputy Assistant Attorney General Caroline D. Ciraolo, head of the DOJ’s Tax Division, said the exponential growth of virtual currency has raised questions about tax compliance, and the summons sends a clear message that all taxpayers, regardless of the currency they use, must pay their fair share of taxes.

December 20, 2016 - On Bitcoins, Tulips And IRS Tax Compliance
The guidance in Notice 2014-21 told us, not unsurprisingly that bitcoins are not tax fairy dust allowing us to earn and spend without paying any taxes. If you received bitcoins for providing services, you had gross income and so on.

December 8, 2016 - Bitcoin Users Brace For IRS Audits From Coinbase Summons
Digital currency users should heed these lessons. It simply is not worth the risk of waiting to see if the IRS will find you. Whether you need to fix your filings or pay additional tax, it’s best to consider your options sooner rather than later. Here are some topics digital currency users may want to discuss with an accountant or tax lawyer.

December 8, 2016 - Prosecutors Pay Bitcoin Ransom, Yet IRS Targets Coinbase Data
the IRS’s crackdown on digital currencies is just beginning. Users should be wary, and most importantly, should plan ahead. The IRS’s efforts toward offshore account disclosure enforcement also started on a small scale. In fact, the IRS started out with just one bank: UBS AG. The government’s focus then turned to other Swiss banks, and eventually to banks all around the globe that were hiding U.S. taxpayer’s funds. So, Coinbase may be the tip of the iceberg too.

December 2, 2016 - A Judge Just Cleared the Way for the IRS to Seek Coinbase Customer Data
"We are aware of, and expected, the court’s ex parte order today. We look forward to opposing the DOJ’s request in court after Coinbase is served with a subpoena. As we previously stated, we remain concerned with our US customers’ legitimate privacy rights in the face of the government’s sweeping request."

December 2, 2016 - Bitcoin wallet service ordered to give IRS 3 years of user data
The taxpayers being investigated have not been or may not be complying with US internal revenue laws requiring the reporting of taxable income from virtual-currency transactions,” the IRS wrote in its request for the information, according to The Verge.

December 1, 2016 - Court Authorizes Service of John Doe Summons Seeking the Identities of U.S. Taxpayers Who Have Used Virtual Currency
A federal court in the Northern District of California entered an order today authorizing the Internal Revenue Service (IRS) to serve a John Doe summons on Coinbase Inc., seeking information about U.S. taxpayers who conducted transactions in a convertible virtual currency during the years 2013 to 2015. The IRS is seeking the records of Americans who engaged in business with or through Coinbase, a virtual currency exchanger headquartered in San Francisco, California.

November 21, 2016 - Bitcoin exchange processor likely to fight IRS summons -legal analyst
"There are two questions here. One is whether or not (the IRS has) reasonably identified a class of individuals and has a reasonable basis for believing that all U.S. customers for Coinbase from 2013-2015 may have failed to comply with laws based on these three users," he said. "Two is whether the information sought by IRS is not available from any other reasonable source than Coinbase." (Reporting by Dion Rabouin; Editing by Sandra Maler)

November 21, 2016 - Bitcoin Users Who Evade Taxes Are Sought by the I.R.S.
Coinbase and other companies that buy and sell Bitcoins are required by regulators to record the identities of people who buy and sell virtual currency on their platforms.

November 21, 2016 - IRS Targeting Bitcoin-Using Tax Evaders
If thy comply with the request, Coinbase will be required to hand over the identity and transaction history of it’s 3 million customers. As of now Coinbase does not plan to comply. ” We can’t tolerate sweeping fishing expeditions. We are very concerned about the financial privacy rights of our customers,” said Coinbase’s legal counsel, Juan Suarez, who said the business keeps a policy focused on working with law enforcement.

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