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Title: Coinbase Likely to Lose Battle to Protect Users from IRS Bitcoin Tax Probe Post by: GrandpasNaked on November 13, 2017, 11:12:32 PM cryptocoinsnews.com/?p=122831 (http://cryptocoinsnews.com/?p=122831)
Some serious bullshit that isn't getting as much coverage as it should be. Major invasion of privacy :-[ :-[ :'( Title: Re: Coinbase Likely to Lose Battle to Protect Users from IRS Bitcoin Tax Probe Post by: Davidbugs2 on November 13, 2017, 11:32:21 PM Thats really terrible news. Why one earth coinbase has been compromising for this? I should better leave coinbase then. ::)
Title: Re: Coinbase Likely to Lose Battle to Protect Users from IRS Bitcoin Tax Probe Post by: jseverson on November 14, 2017, 01:58:25 AM Well that's scary. I don't have a strong grasp of US laws, but can they really demand that information? I know they can get information from Google and the like when it's linked to criminal activity. But then again, isn't tax evasion a criminal offense? This is really scary, as it will set a precedent on investigations of large Bitcoin transactions.
I hope the courts rule in Coinbase's favor. Title: Re: Coinbase Likely to Lose Battle to Protect Users from IRS Bitcoin Tax Probe Post by: prettybuds on November 14, 2017, 02:02:08 AM Quote If you’re a long-time Coinbase user and have neglected to pay taxes on your bitcoin profits, you may soon find yourself in legal hot water, because a U.S. district court is likely to force the bitcoin exchange to hand over records from thousands of U.S. customers to the Internal Revenue Service (IRS). So, a lot of convictions for tax evasion imminent? |