see url: https://regmedia.co.uk/2017/11/30/coinbaseirsorder.pdf
It has taken a while...but it was inevitable, capital gains have
increased enormously on Bitcoin, as much as $10,000 per virtual coin.
The state bureaucracy wants its cut...and is closing in, at least on
some of those who refuse to honour their tax obligations and
duties...someone has to pay the wages of civil servants, judges and such
like. If you use Bitcoin in the USA and you have moved over $20,000 at
a time over the last few years, then the IRS wants to know. There are
other ways of cracking anonymity than using back doors...i.e. legal
Of course, please remember folks, that just because less than $20,000
via Bitcoin or any other currency has been sent or transferred within
the banking system, formally, or informally, that doesn't mean to say
that the IRS doesn't want to know about it, or won't find out about
it...They have other ways and means...:-) Such as the fraud act which
says that any bank movement over £5000 is notifiable to the IRS.
The IRS missed a trick there on Coinbase.