Bitcoin user files to block IRS access to Coinbase accounts

posted by
December 15, 2016
Posted in News

"The IRS's push to obtain vast amounts of data on digital currency transactions is finally receiving some push-back. In fact, a Coinbase, Inc. customer has filed a motion in federal court seeking to intervene in the federal case. The motion hopes to block the IRS from enforcing its recent John Doe summons for information on Coinbase users. Still, the motion may face a steep uphill battle. Typically, the courts give the IRS wide latitude to enforce summonses that may uncover information regarding potential tax evasion. The IRS doesn't need 'probable cause,' or even 'reasonable suspicion,' like the police might need to investigate a crime." (12/14/16)  

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