Twitter’s brief morning outage was stressful enough — but those who’ve waited until the last possible moment to pay their tax bills have a much more distressing site crash to worry about: The Internal Revenue Service’s Direct pay site is down the day taxes are due. It’s been experiencing issues for a number of hours […]
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CoinTracker will keep track of your crypto as you transfer it between wallets and exchanges
It’s no secret that the cryptocurrency market cap has grown faster than the broader crypto industry. This means that the options for tools to help hold, track and manage your cryptocurrency are still pretty slim. CoinTracker is one of the recently launched startups trying to help. Part of YC’s Winter ’18 class, it’s a platform to track your crypto across all… Read More
How a simple tech upgrade at the IRS could transform the economy
When you apply for credit, you essentially ask a lender to evaluate your financial picture to make an informed decision about your approval, rate and terms. The information that lenders use primarily comes from two sources: you and private credit bureaus. This system is imperfect. It’s held back by outdated technology at the IRS. New legislation would change this. Read More
Coinbase ordered to hand over the private data of thousands of users
Most cryptocurrencies are pseudonymous, but some users of the digital exchange Coinbase are about to have their identities blown wide open thanks to the Tax Man.
A federal court Wednesday ruled that San Francisco-based Coinbase must turn over i…
IRS targets Coinbase users in an attempt to thwart tax fraud
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The Internal Revenue Service is heading to court today with the goal of forcing Coinbase, a U.S. cryptocurrency exchange, to hand over data on a host of its users. Why? According to the government agency, all is not right in the land of blockchains — and it’s past time the company play ball.
The beef spans back to 2016, reports Bloomberg, when the IRS requested data on the service’s users claiming that an unspecified number failed to properly report their holdings for tax purposesCoinbase, for its part, called the summons overly broad and refused to comply.
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