The US Internal Revenue Service can serve bitcoin exchange startup Coinbase with a summons for information about its users, a federal judge ordered today.
In an order dated 30th November, Judge Jacqueline Scott Corley sided with a request filed earlier this month by the IRS as it seeks to investigate alleged tax avoiders. When reached for comment, Coinbase said that it expected the order and that it would release a formal statement later today.
“The court has a rubber-stamp position,” a representative for the startup said. “It’s a legal process. It doesn’t change anything on our side. We still haven’t been served yet.”
The IRS is seeking Coinbase user records from between 31st December 2013 and 31st December 2015. The startup said after the agency’s initial filing that it would oppose the effort “in its current form”.
Since mid-2015, the IRS has considered bitcoin and other digital currencies as kinds of taxable property. A recent report from the agency’s inspector general, however, blasted the IRS for a failure to develop a cohesive strategy for digital currency taxation – something that tax professionals have criticized it for as well.
The full court order can be found below:
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Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Coinbase.
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