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Saturday, May 15, 2021
The IRS Is Coming for Crypto Investors Who Haven’t Paid Their Taxes
Two new IRS efforts to find crypto tax evaders stand out: In April, a federal judge in Boston approved an IRS summons to the payments company known as Circle and its affiliates, including Poloniex, to turn over customer records to the agency. And in early May, a federal judge in San Francisco approved another IRS summons for records to the crypto exchange known as Kraken. In both cases, the turnover applies to customers who had more than $20,000 in transactions in any year from 2016 through 2020, reports