Wednesday, November 30, 2016

Coinbase ordered to turn over customers’ records to IRS

Bitcoin exchange Coinbase has been ordered to surrender records on customers’ trades in the virtual currency to the IRS as part of a tax-avoidance probe. A federal judge in San Francisco on Wednesday granted the agency’s request for a so-called "John Doe …

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Court Allows IRS John Doe Summons For Bitcoin, Other Virtual Currencies

A federal court in the Northern District of California has entered an order authorizing the IRS to serve a John Doe summons on Coinbase Inc. The IRS goal is information about U.S. taxpayers who conducted transactions in a convertible virtual currency …

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Court Allows IRS John Doe Summons For Bitcoin, Other Virtual Currencies




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Trump faces potential decision on IRS

President-elect Donald Trump could face a decision that may affect whether his tax returns will continue to be audited throughout his four-year term of office. IRS regulations call for annual audits of tax returns filed by U.S. presidents and vice presidents.

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California Judge Grants IRS Request for Coinbase Customer Data – American Banker



California Judge Grants IRS Request for Coinbase Customer Data
American Banker
California Judge Grants IRS Request for Coinbase Customer Data. by Lalita Clozel. NOV 30, 2016 8:41pm ET. WASHINGTON — A federal court in California has accepted a controversial request from the IRS to obtain the records of possibly millions of users

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IRS to target taxpayers not on Obamacare

The IRS is ready to send out millions of letters to taxpayers to let them know that if they don’t sign up for an Obamacare health insurance plan, they will have to pay the penalty. Republicans in Congress are objecting to the plan because it threatens the …

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IRS to target taxpayers not on Obamacare




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How The IRS Knows You Are Really You

The words “identity theft” are enough to strike fear into any taxpayer’s heart. But what actually happens when the Internal Revenue Service needs to make sure you are really you? I have personally encountered this situation twice in my work as a tax …

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How The IRS Knows You Are Really You




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Why Bitcoin Buyers Don’t Need to Panic Over IRS Probe of Coinbase

The Internal Revenue Service ordered the popular bitcoin exchange Coinbase to turn over millions of customer accounts this month, leaving many crypto-currencies collectors to worry just what the tax man has in store for them. On its face, it looks like big …

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Why Bitcoin Buyers Don’t Need to Panic Over IRS Probe of Coinbase




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U.S. Court allows IRS to seek 2 years of user info from Coinbase

A federal court in California on Wednesday allowed the Internal Revenue Service (IRS) to seek two years of information from blockchain firm Coinbase Inc about its American users, the U.S. Department of Justice (DOJ) said. The court in Northern District of …

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U.S. Court allows IRS to seek 2 years of user info from Coinbase




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IRS Seeks Names of Virtual Currency Users in Tax Probe

SAN FRANCISCO — The IRS is seeking the names of people who may have avoided paying taxes on virtual currency exchanged through a San Francisco company. A federal judge issued an order Wednesday that allows the agency to go after the names of U.S …

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IRS Seeks Names of Virtual Currency Users in Tax Probe




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Court Grants IRS Authority To Demand Identities Of Bitcoin Users At Coinbase

That was the ruling today out of a federal court in the Northern District of California authorizing the Internal Revenue Service (IRS) to serve a “John Doe” summons on Coinbase requesting the identities of United States Coinbase customers who …

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Court Grants IRS Authority To Demand Identities Of Bitcoin Users At Coinbase




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U.S. Court allows IRS to seek three years of user info from Coinbase

(The story was refiled to correct the headline and first paragraph to say ‘3 years’ not ‘2 years’) (Reuters) – A federal court in California on Wednesday allowed the Internal Revenue Service (IRS) to seek three years of information from blockchain firm …

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Why Bitcoin Buyers Don’t Need to Panic Over IRS Probe of Coinbase

The Internal Revenue Service ordered the popular bitcoin exchange Coinbase to turn over millions of customer accounts this month, leaving many crypto-currencies collectors to worry just what the tax man has in store for them. On its face, it looks like big …

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Why Bitcoin Buyers Don’t Need to Panic Over IRS Probe of Coinbase




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Trump faces potential decision on IRS

President-elect Donald Trump could face a decision that may affect whether his tax returns will continue to be audited throughout his four-year term of office. IRS regulations call for annual audits of tax returns filed by U.S. presidents and vice presidents.

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Trump faces potential decision on IRS




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BRIEF-U.S. DOJ says court authorizes IRS to serve summons on Coinbase Inc

TOKYO, Dec 1 Asian Development Bank President Takehiko Nakao said on Thursday he does not think U.S. Federal Reserve policy will have a lasting impact on capital flows between emerging economies and the United States.

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BRIEF-U.S. DOJ says court authorizes IRS to serve summons on Coinbase Inc




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CBI seizes 2 crore in old currency from city residence of IRS officer

CHENNAI: The Central Bureau of Investigation(CBI) has seized 2 crore in cash, all in the 500 and 1,000 denominations, from the residence of a senior Indian Revenue Service (IRS) officer in Chennai. On a specific tip, a CBI team landed up at the Palavakkam …

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CBI seizes 2 crore in old currency from city residence of IRS officer




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A Judge Just Approved the IRS Request to Seek Coinbase’s User Records

The US Internal Revenue Service can serve bitcoin and ether exchange startup Coinbase with a summons for information about its users, a federal judge ordered today. In an order dated 30th November, Judge Jacqueline Scott Corley sided with a request filed …

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A Judge Just Approved the IRS Request to Seek Coinbase’s User Records




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Court Allows IRS John Doe Summons For Users Of Virtual Currency

A federal court in the Northern District of California has entered an order authorizing the IRS to serve a John Doe summons on Coinbase Inc. The IRS goal is information about U.S. taxpayers who conducted transactions in a convertible virtual currency …

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Court Allows IRS John Doe Summons For Users Of Virtual Currency




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Callers for dollars: Inside India’s IRS scam call centers

MUMBAI – In late September, a woman in National City, California, received a voice message on her phone saying she was in trouble with the Internal Revenue Service (IRS) over “tax evasion or tax fraud.” Panicking, she rang the number and told a man …

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Callers for dollars: Inside India’s IRS scam call centers




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IRS seeks names of virtual currency users in tax probe

SAN FRANCISCO (AP) — The IRS is seeking the names of people who may have avoided paying taxes on virtual currency exchanged through a San Francisco company. A federal judge issued an order Wednesday that allows the agency to go after the names of U.S …

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IRS seeks names of virtual currency users in tax probe




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Trump faces potential decision on IRS

President-elect Donald Trump could face a decision that may affect whether his tax returns will continue to be audited throughout his four-year term of office. IRS regulations call for annual audits of tax returns filed by U.S. presidents and vice presidents.

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Bitcoin service ordered to hand over two years of user records to IRS

Today in Northern California District Court, a federal judge approved a summons requiring the Bitcoin wallet service Coinbase to hand over records of all transactions that took place during 2014 or 2015, as part of a larger investigation into possible tax …

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Bitcoin service ordered to hand over two years of user records to IRS




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BRIEF-U.S. DOJ says court authorizes IRS to serve summons on Coinbase Inc

* U.S. DOJ says court authorizes service of John Doe summons seeking the identities of U.S. taxpayers who have used virtual currency * U.S. DOJ- court authorized IRS to serve summons on Coinbase Inc, seeking details about taxpayers who made transactions in …

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IRS seeking ID validation from some e-services users

Attention users of Internal Revenue Service online options. Some of you soon will be getting letters from the IRS about proving who you are. This is not a scam. The coming IRS letters will be real. New ID validation effort: The IRS notified tax …

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IRS seeking ID validation from some e-services users




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Where Is My Tax Refund?

Fortunately, the IRS makes it easy to check on the status of your tax refund. Its handy "Where’s My Refund?" tool can help you track your refund once you’ve submitted your return. Once you input this data, you’ll receive a date for when to expect your tax …

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Where Is My Tax Refund?




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A Judge Just Approved the IRS Request to Seek Coinbase’s User Records

The US Internal Revenue Service can serve bitcoin and ether exchange startup Coinbase with a summons for information about its users, a federal judge ordered today. In an order dated 30th November, Judge Jacqueline Scott Corley sided with a request filed …

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A Judge Just Approved the IRS Request to Seek Coinbase’s User Records




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