WVU Posted December 1, 2016 Report Share Posted December 1, 2016 Federal investigators are looking for tax evaders who have used virtual currencies like bitcoin to dodge the IRS. The Justice Department says a federal court has given the IRS a green light to serve a summons on Coinbase, a San Francisco exchange for digital currency. The Justice Department says it's looking for people who conducted transactions with Bitcoin from 2013 to 2015 and didn't pay tax on their gains. Coinbase itself is not accused of wrongdoing, but it opposed the petition, citing privacy concerns. "Although Coinbase's general practice is to cooperate with properly targeted law enforcement inquires, we are extremely concerned with the indiscriminate breadth of the government's request," the exchange said in a blog post last month. Coinbase did not respond to a request for comment from CNNMoney. Related: What is bitcoin? Bitcoin was created in 2009 and is the best-known of the many digital currencies, which are not issued or regulated by any government. The worth is determined by the people buying and selling it. The digital markets have, at times, experienced wild fluctuations in value. Digital currency is preferred by some people for its perceived anonymity, and it can be used for illegal purchases of drugs and other products. It's not necessarily as anonymous as cash because Bitcoin can leave a digital footprint allowing investigators to track online activity, like evading taxes. --CNNMoney's Jose Pagliery contributed to this report. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted December 1, 2016 Report Share Posted December 1, 2016 Sam? Quote Link to comment Share on other sites More sharing options...
sweeper Posted December 1, 2016 Report Share Posted December 1, 2016 Sammy bought in for 1K plus....he gets a write off if anything Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted December 1, 2016 Report Share Posted December 1, 2016 Let's see who the first poster is to report being audited because of this ...........the race is on. Quote Link to comment Share on other sites More sharing options...
Blue Posted December 1, 2016 Report Share Posted December 1, 2016 It's all good cause Trump is getting rid of the IRS. Right Trump supporters? Still can't believe America elected a sociopathic orange person. Shit is like a bad dream. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted December 1, 2016 Report Share Posted December 1, 2016 ?????? Quote Link to comment Share on other sites More sharing options...
Blue Posted December 1, 2016 Report Share Posted December 1, 2016 ??????Trump stated many times on the campaign trail that if he got elected he would get rid of the IRS. Quote Link to comment Share on other sites More sharing options...
Bucky Posted December 1, 2016 Report Share Posted December 1, 2016 I would throw money in the garbage before I would withdraw to my bank account with bitcoin. But, the same can be said about bank wire-western union & moneygram. Everything is fun and games going in. The sports books are on the other side of the fence on this issue. One transaction at a time keeps them safe from seizure and exposing a large balance to that risk! Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted December 1, 2016 Report Share Posted December 1, 2016 Plommer do whores take btc? Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted December 1, 2016 Report Share Posted December 1, 2016 Plommer do whores take btc?big tranny cock? Quote Link to comment Share on other sites More sharing options...
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