Will US Government Continue to Target Bitcoin Users for Taxes?

in #bitcoin7 years ago

Coinbase, the world’s largest Bitcoin brokerage and wallet platform, has won a partial but significant victory in its fight against the Internal Revenue Service (IRS), as Cointelegraph previously reported.725_aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8wYmJkNzRkMjZlYzc4YzQ3MmE2ZWMzZTk5YThiZWRiZC5qcGc=.jpg

Brief history of Coinbase v. IRS

On January 15, Coinbase CEO Brian Armstrong revealed that the IRS sent the company a subpoena to disclose the account details of all US-based users over a three year period for taxation purposes.

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This is normal. If you are making money...you should have to pay taxes.