IRS attack dog will target US Bitcoiners and soon …

posted by
December 20, 2016
by Wendy McElroy  
Posted in Commentary

"On November 18, a headline at Coindesk announced, 'The IRS is Seeking Data on Coinbase's Bitcoin Customers.' The article stated, 'it seems, the IRS is looking to more aggressively police digital currency users in the US, and the [tax] investigation itself focuses on taxpayers who transacted between 2013 and 2015.' The investigation rests on a 'John Doe' warrant. The 'John Does' of interest are Americans who use bitcoin to evade tax reporting and payment requirements. The goal is almost certainly to audit non-compliers. Unfortunately, since the focus is on past transactions, a proactive response is difficult." (12/19/16)  

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