News Flash: IRS serves Coinbase BTC News
 

https://bitcoinmagazine.com/articles...ies-1479937234
Copy of Filing
https://t.co/9VERyUCpJa

Short selling opportunity ...

Let the games begin! They will never be able to monitor every side transaction and they know it. This is simply a way to scare those that think they may have found a loophole...Nothing more. Feds and the like should up their game to really dig deep and learn this thing is bigger then they will ever realize. BTCFL :321GFY

If Trump becomes POTUS will he put a stop to this IRS coinbase abuse?

:1orglaugh:1orglaugh cause yeah, that will teach em.....

Remember what the Feds got AL Capone for ...

Interesting timing however ...
More to develop maybe ... stay tuned ...

If you read the article -- as soon as BTC is converted into fiat currency the BTC ownership becomes known. You need to show records of where it came from and it is taxable as income or as capital gains.

I will stay tuned:warning

The most outdated entity on the face of the earth is the IRS. They soon willlll realize the software and the script book they play from has been beat so many times that it is almost pathetic they try and go after Crypto. This thing is way bigger then the Mafia, with so many more ways of keeping one's safe

Pay your taxes, goyim.

Truth an disclosion is the only way they will ever be able to run a true investigation....and even then, it would not be possible to track the final transaction from A to B

or try not to;)

It really makes no difference unless the value dramatically rises (which we all hope) and we want to cash out! I'd rather use a reliable wallet like this then run the risk of losing everything without. Consider it a "potential" future fee. lol

Epass much?

interesting indeed :pimp

i know one popular site from Canada, they was accepting Bitcoin through coinbase processor.
Today we get a message " Bitcoin Payment it's temporary not available " :pimp

Interestingly, I needed to check the balance on a prepaid card today that I use for testing purposes ( along with security a <$100 balance) and I had to recreate my online account and furnish some information.

I load that prepaid card with cash at the grocery store. Big brother is watching? They redesigned their website in the past day -- I logged in 2 days ago to the old website with no problem --- and maybe they trashed the database or had some security update possibly --- and not an IRS subpoena.

So you're out money?

HUH? LOL its a play money card for iffy internet purchases -- can't bang a prepaid card with little money on it.

No, there was $10 left on it I need to add $40 cash.

I'm willing to bet there were a shit ton of guys just on this board alone that were buying and selling and probably owe a shit ton of cap gains tax lol

btc pulled lol

evocash
1mdc
egold
libertyreserve

Most of the people who sell/ buy BTC Local in their cities Want CASH only in person at timmis or any public place. :2 cents:

A continuation of the fed scare tactics :disgust

those that hold BTC now would be reluctant to sell, while buyers wouldn't really be affected much (nothing illegal about buying BTC), so shouldn't this news actually drive the price up? (same # of buyers, with fewer sellers = price going up)

I agree woj... i'm not letting any of my BTC go away from me :)