Is The IRS Justified In Demanding Information On Millions Of Bitcoin Users?

The IRS found three entities using bitcoin to evade taxes and has now demanded the records of millions of users at Coinbase, the largest U.S. cryptocurrency exchange. An accountant and an attorney specializing in cryptocurrency discuss whether the IRS is overreaching, how this "unprecedented" case differs from previous ones pursued by the IRS, and what they think the ultimate outcome will be. Read the show notes . Other links: Coinbase Berns Weiss LLP Global Tax Accountants Brian Armstrong's response on Medium My magazine feature on Coinbase This episode was sponsored by Onramp . Learn more about your ad choices. Visit megaphone.fm/adchoices