The United States Internal Revenue Service (IRS) criminal division has said that it is gearing up for the tax season and has its sights set on the crypto community.
Per reports from Bloomberg Law, Jim Lee, a division chief at the IRS, said that...
BTC’s $335 million options expiry has become a death trap for bulls, and increased legal action by the SEC and IRS against crypto companies is adding to the sell pressure.
A California federal judge allowed the Internal Revenue Service to issue John Doe' summons on the SFOX Inc crypto broker and its affiliates.
The post US Court Allows IRS ‘John Doe’ Summons on California Crypto Broker appeared first on BeInCrypto.
The U.S. tax service has used the same tactic to gain information from Circle, Coinbase and Kraken in recent years, as analysis finds that half of taxes on crypto go unpaid.
The IRS can serve a "John Doe" summons on crypto prime dealer SFOX, a court ruled Monday, allowing the tax agency to ask SFOX to provide details on any customers who transacted over $20,000 between 2016 and 2021.
The U.S. taxman is clamping down on potential tax evaders by going to court to demand information from a cryptocurrency dealer.
The post IRS Launches Court Action in Crackdown on Crypto Tax Evaders appeared first on BeInCrypto.
“The new charter will enable us to provide secure, reliable and efficient investment, trading, and custodian services for a wide range of digital assets," said SFOX co-founder Akbar Thobhani.
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