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Coinbase Receives a New Summons From the IRS

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Tue, 27/02/2018 - 13:01
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Coinbase Receives a New Summons From the IRS
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On Feb. 23, 2018, Coinbase notified a group of 13,000 Coinbase users that they had received a summons from the Internal Revenue Service (IRS) regarding their accounts. The IRS demanded that Coinbase provide taxpayer ID, name, birth date, address and historical transaction records for certain high transacting customers during the 2013-2015 period. The new court order echoes the summons that Coinbase received in December 2016 from the IRS in which the IRS demanded account information for 500,000 Coinbase users.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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