John Cobb

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Bipartisan members of the House are advocating for more clarity in the tax law as it relates to taxation of cryptocurrency. First, on April 9, Representative Warren Davidson (R-OH), a member of the House Financial Services Committee, reintroduced legislation that would provide clarity on certain tax and securities law issues related to cryptocurrency.  The bill, entitled the “Token Taxonomy Act of 2019,” resembles the original bill that Davidson introduced in the 115th Congress with Congressional…
After a year-long fight with the IRS on turning over customer data, Coinbase both won and lost.  It won in that the court significantly narrowed the type of information that it was ordered to turn over to the IRS.  It lost in that it was still required to turn over data on approximately 13,000 customers.  For the 13,000 customers this means that the IRS may now be contacting you to let you know that you…