IRS seeks names of virtual currency users in tax probe
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December 1, 2016
SAN FRANCISCO (AP) — The IRS obtained a court order Wednesday allowing it to seek the names of people who may have failed to pay taxes on virtual currency exchanged through a San Francisco company.
The order allows the agency to issue a summons on Coinbase Inc. for the names of U.S. taxpayers who have used the company's services between 2013 and 2015. Coinbase — an online platform where people can exchange virtual currency such as bitcoin — has nearly 5 million users, according to its website. It is among the world's largest exchangers of bitcoin into U.S. dollars and has partnerships with Ove...
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