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Tax,
Banking

Jan. 6, 2017

Coinbase's fight with IRS heating up

The IRS is pushing to obtain identifying information on countless "John Does" who have used digital currencies like bitcoin on Coinbase, Inc.'s trading portal.

Dashiell C. Shapiro

Counsel
Shartsis Friese LLP

litigation, tax

Email: dshapiro@sflaw.com

Univ of Chicago Law School

Dashiell is a former U.S. Department of Justice Tax Division honors attorney.

There has been more legal wrangling in the Internal Revenue Service's battle to tax digital currency transactions. The IRS is pushing to obtain identifying information on countless "John Does" who have used digital currencies like bitcoin on Coinbase, Inc.'s trading portal. Coinbase customers, not surprisingly, are fighting back. And the company may be gearing up itself to fight the IRS more strenuously as well.

On the customer front, one Coinbase user who is also an attorney, Jeffr...

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