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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.”

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.

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