Tag Archives: Coinbase

Coinbase Subpoena & Offshore Penalty – IRS Pursues Crypto Penalties

Coinbase Subpoena & Offshore Penalty – IRS Pursues Crypto Penalties (Certified Tax Specialist) Coinbase Subpoena & Offshore Penalty – IRS Pursues Crypto Penalties Recently, the IRS was awarded a subpoena to inspect documents from Coinbase — in order to uncover cryptocurrency related … Continue reading

Posted in Tax Law | Tagged , , , , , , , | Leave a comment

Coinbase takes steps toward first blockchain-based token exchange

In July 2018, Coinbase – one of the largest cryptocurrency platforms — announced that it had won regulatory approval for a trio of acquisitions. This announcement generated a lot of publicity that Coinbase is on its way to creating the … Continue reading

Posted in Securities Law | Tagged , , , , , , , | Leave a comment

Are Coinbase Transactions Reportable to the IRS?

Coinbase is one of the biggest names in cryptocurrency and Bitcoin trading. Coinbase works not only as a coin wallet, but also as a platform to buy and sell cryptocurrency like Bitcoin, Ethereum, and Litecoin. The IRS needs to know … Continue reading

Posted in Tax Law | Tagged , , | Leave a comment

Angry Coinbase users sue over claimed security failings, insider trading

Enlarge / A visual representation of bitcoin is displayed in front of the Coinbase cryptocurrency exchange website on February 12, 2018 in Paris. (credit: Chesnot / Getty Images) In recent weeks, Coinbase has been hit with three federal lawsuits, alleging … Continue reading

Posted in Technology & Cyberlaw | Tagged , , , , , , , , | Leave a comment

Coinbase To Comply With IRS Summons

Two of my clients received an email from Coinbase: Dear Mr. Smith, In December 2016, the Internal Revenue Service issued a summons demanding that Coinbase produce a wide range of records relating to approximately 500,000 Coinbase customers. Coinbase fought this … Continue reading

Posted in Tax Law | Tagged , , | Leave a comment