US Court Hints IRS May Have Violated Coinbase User’s Privacy Rights in Tax Audit
An American bitcoin (BTC) owner attempting to fight the Internal Revenue Service over the seizure of his data from the Coinbase trading platform could be given the chance to challenge the tax body over the controversial move.
How to send crypto using the Coinbase app
In this video we show you how to send cryptocurrency using the Coinbase app.
There are two ways to send crypto on Coinbase: on-chain or off-chain.
On-chain sends are used to send funds from the Coinbase platform to an external address on the blockchain. On-chain sends are irreversible; Coinbase can’t retrieve funds that were sent to the incorrect address or using the incorrect network. On-chain sends incur network fees and take time to process.
Off-chain sends allow you to send funds to another Coinbase user using their phone number, email address, or username. Off-chain sends are instant and incur no transaction fees.
If you’re trying to send more crypto than you have in your crypto balance, you’ll be prompted to top up when doing the send.
Important: All sends to crypto addresses are irreversible. Coinbase cannot retrieve funds sent to the incorrect address or using the incorrect network.
For more info, please visit: https://help.coinbase.com/en/coinbase/trading-and-funding/cryptocurrency-trading-pairs/how-to-send-and-receive-cryptocurrency
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US Court Hints IRS May Have Violated Coinbase User’s Privacy Rights in
An American bitcoin (BTC) owner attempting to fight the Internal Revenue Service over the seizure of his data from the Coinbase trading platform could be given the chance to challenge the tax body over the controversial move. Reuters reported that a three-judge federal appeals court yesterday – the 1st United States Circuit Court of Appeals in Boston – had “sharply questioned” the reasons why the bitcoiner, named Jim Harper, had been blocked from suing the IRS for privacy violations. The Supreme Court had previously ruled against Harper when, in 2020, he attempted to take the IRS to court. The tax body had written to Harper claiming it had “obtained information” that appeared to show he may not have properly reported crypto transactions on tax return documents. The IRS’ legal team responded by warning that ruling in favor of Harper “could open the floodgate to other lawsuits” by crypto holders currently “under audit,” adding:Harper was one of the thousands of American crypto holders who were sent similar letters after the IRS won a key 2017 legal battle to enforce a “John Doe” summons against Coinbase, forcing it to hand over user transaction data. The IRS enforced a similar summons on Coinbase’s crypto exchange rival Kraken earlier this year. But the news agency quoted Harper’s counsel Richard Samp as telling the judges:“[The IRS] said: Let’s go on a fishing expedition. Let’s ask Coinbase for information on hundreds of thousands of taxpayers.”A lawyer from the Department of Justice (DoJ), arguing the IRS’ case, claimed that Harper’s attempt to sue had been rightly kicked out under the Anti-Injunction Act, which bars lawsuits to restrain the “assessment or collection” of taxes. However, Harper’s legal argument centers around the manner in which his data was obtained – and it appears the panel of judges may have been sympathetic to this line of reasoning. One of the judges, Kermit Lipez, told the DoJ lawyer that the ruling’s “clear” language showed that “your position is not defensible.” Lipiz added:“We are involved with perhaps a prelude to an act of assessment but not the act of assessment itself.”_____Learn more: – Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax- ‘New Blow’ as Large Crypto Exchanges Are Told to Pay British Tech Tax- IRS Warning: The Taxman Cometh – For ‘Billions of Dollars’ Worth of Crypto- Argentina U-Turns On Crypto Tax With New Regulation
All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/us-court-hints-irs-may-have-violated-coinbase-users-privacy-rights-in-tax-audit.htm
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The new ARRL membership dues asks the question: QST- Paper or Not?
Well the new ARRL membership dues are here and they beg the question: QST- Paper or Not? Can you live with online QST and save some money or is that just not gonna do? For that matter, is the ARRL still worth your hard-earned money?