rito Posted May 30, 2017 Report Share Posted May 30, 2017 Coinbase turned over records to the IRS already. Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted May 30, 2017 Author Report Share Posted May 30, 2017 Coinbase turned over records to the IRS already.Rito head fake? Quote Link to comment Share on other sites More sharing options...
plommer Posted May 30, 2017 Report Share Posted May 30, 2017 Again, not being a dick. I'm as clueless as you are with this stuff. But Plommer says he seriously doubts coinbase would make false claims of being FDIC insured, but if they don't have to answer to any regulatory org like the SEC, IRS, etc then what's to stop them from making any claims they want?whats stopping them? Being proven as liars for providing false information. Being FDIC insured is something that can easily be checked. https://research.fdic.gov/bankfind/ Quote Link to comment Share on other sites More sharing options...
spankie Posted May 30, 2017 Report Share Posted May 30, 2017 Coinbase turned over records to the IRS already. No Quote Link to comment Share on other sites More sharing options...
rdalert447 Posted May 30, 2017 Report Share Posted May 30, 2017 Maybe my mistake was not realizing that coinbase is a US based company so therefore is subject to some sort of US regulation? I always thought these exchanges were based over seas. Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted May 30, 2017 Author Report Share Posted May 30, 2017 NoKnew it was a head fake.... Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted May 30, 2017 Report Share Posted May 30, 2017 Again, not being a dick. I'm as clueless as you are with this stuff. But Plommer says he seriously doubts coinbase would make false claims of being FDIC insured, but if they don't have to answer to any regulatory org like the SEC, IRS, etc then what's to stop them from making any claims they want?They are definitely FDIC insured. The FDIC does not F around with that. It is not that hard to become a bank. That is why every small town has one. Quote Link to comment Share on other sites More sharing options...
rdalert447 Posted May 30, 2017 Report Share Posted May 30, 2017 Thanks. My mistake. Quote Link to comment Share on other sites More sharing options...
rito Posted May 30, 2017 Report Share Posted May 30, 2017 http://www.pymnts.com/news/bitcoin-tracker/2017/did-the-irs-overstep-with-coinbase-summons/ So maybe not yet but eventually hey will get that info. Pay your taxes. This really shouldn't affect a sports gambling payout at all. Just claim equal losses Quote Link to comment Share on other sites More sharing options...
raiders72001 Posted May 30, 2017 Report Share Posted May 30, 2017 IRS Probe of Bitcoin Goes Too Far, GOP WarnsJeff John RobertsMay 21, 2017 A closely-watched fight between the Internal Revenue Service and a popular bitcoin exchange took a new twist last week, as senior Republicans in Congress sent a sharply-worded letter that suggests the tax agency is overstepping its powers.http://fortune.com/2017/05/21/irs-bitcoin-congress/ Edit - Missed rito's post above. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.