Breaking: Coinbase Ordered to Submit to IRS Summons

[kreslik.news]

A legal case filed by the US Internal Revenue Service (IRS) against the largest crypto exchange in the US was just won by the petitioner. The firm has been ordered to submit to the summons which the IRS presented to the company in December 2016. The US tax authority filed a legal case against Coinbase back in March 2017.

The IRS is going after clients of the exchange who haven’t reported their cryptocurrency capital gains to the IRS. The period for which the US tax authorities require data is between calendar years 2013 and 2015.

The judgement comes after about 8 months ... (read more)