Coinbase's IRS Dispute Isn't Just About Bitcoin
This past week saw yet another move in the ongoing scuffle between the IRS and cryptocurrency exchange Coinbase. If you haven't been following the story, here’s a summary: In November, the IRS presented Coinbase with a summons requiring the company to disclose client transactions between 2013 and 2015. Coinbase has hinted that they'd rather not. Shortly thereafter, a Coinbase customer presented a motion against the IRS, alleging the subpoena was too broad. This week, the IRS responded, saying what effectively amounted to "go away". It claims that since this client has identified....
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The Internal Revenue Service is seeking to delay an upcoming hearing in its ongoing court dispute with digital currency exchange Coinbase, new court filings show. According to a stipulation and proposed order filed today in the US District Court for the Northern District of California, attorneys for the IRS have asked to delay a 16th February hearing on petitions by both Coinbase and one of its customers, each of whom have sought to formally intervene. The IRS had previously filed motions seeking to stop both sides from entering the case. Now, the US tax agency wants to push that hearing....
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