Back

Coinbase Receives a New Summons From the IRS

  • Coinbase exhange notified a group of 13,000 Coinbase users that they had received a summons from the Internal Revenue Service (IRS) regarding their accounts

Cover image via U.Today

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.

About the author

Patrick Thompson is a freelance writer who has written for several publications in the past about a vast range of topics.  Thompson is an Economics & Philosophy major at Rutgers University, where he is currently completing his senior year; upon graduating, Thompson plans to go to law school. Thompson is currently the

Recommended articles
175.1M XRP Wired by Ripple and Its ODL Corridor as XRP Liquidity Index Hits New ATH

175.1M XRP Wired by Ripple and Its ODL Corridor as XRP Liquidity Index Hits New ATH

Kraken CEO Pitches His Exchange to Nassim Nicholas Taleb After Coinbase's Fiasco

Kraken CEO Pitches His Exchange to Nassim Nicholas Taleb After Coinbase's Fiasco

Traders Push Bitcoin Below $10,000 By Dropping $150 Mln from BTC Open Interest

Traders Push Bitcoin Below $10,000 By Dropping $150 Mln from BTC Open Interest