Welcome to Chamberlain Hrdlicka's Tax Blog where we provide news and analysis of current legal issues facing tax practitioners.
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Posts from February 2018.
In a high profile summons enforcement case brought by the Internal Revenue Service against Coinbase, Inc. (United States v. Coinbase Inc., No. 3:17-cv-01431 (N.D. Cal. 2017)), a virtual currency exchange for traders of popular digital cryptocurrencies like Bitcoin, Ethereum and Litecoin, the Internal Revenue Service sought the production by Coinbase of all of its customer records involving Bitcoin transactions from 2013 through 2015. The number of customers potentially susceptible to such a broad summons request was estimated at just under 500,000.
The U.S ...