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IRS wins court approval to serve Kraken with a request for customer information

After a denial last month, a federal court in the Northern District of California has authorized the Internal Revenue Service (IRS) to serve an information request to Kraken. The IRS will serve the crypto exchange with a John Doe summons, which requests user information to identify crypto holding taxpayers.
The Department of Justice announced the authorization today. The request will seek information about U.S. taxpayers who conducted at least $20,000 in crypto transactions from 2016 to 2020. The IRS is seeking the information to root out those who aren’t reporting their crypto holdings.
“There is no excuse for taxpayers continuing to fail to report the income earned and taxes due from virtual currency transactions,” said IRS Commissioner Chuck Rettig in the announcement. “This John Doe summons is part of our effort to uncover those who are trying to skirt reporting and avoid paying their fair share.”
Kraken is not accused of any wrongdoing. A John Doe Summons requires a jud

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Źródło: https://www.theblockcrypto.com/linked/104140/irs-kraken-john-doe-summons-tax-information?utm_source=rss&utm_medium=rss

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