Tax,
Banking
Dec. 20, 2016
IRS sees pushback over attempt to get digital currency data
A Coinbase customer filed a motion in federal court seeking to intervene in the federal case and to block the IRS from enforcing its recent "John Doe" summons for information on the site's users.
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.
The Internal Revenue Service's push to obtain vast amounts of data on digital currency transactions is finally receiving some pushback. In fact, a Coinbase, Inc. customer filed a motion in federal court seeking to intervene in the federal case and to block the IRS from enforcing its recent "John Doe" summons for information on the site's users.
The motion faces a steep uphill battle. Typically, courts give the IRS wide latitude to enforce summonses that may uncover information regar...
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