DOJ, IRS Target Tax-Evading Clients of Crypto Broker SFOX

DOJ, IRS Target Tax-Evading Clients of Crypto Broker SFOX

The DOJ and IRS have received clearance to issue a “John Doe” summons to SFOX, seeking the transaction history of suspected tax cheats.
10 hours ago
from: Decrypt

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Cryptocurrency, Internal Revenue Service
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- DOJ, IRS Target Tax-Evading Clients of Crypto Broker SFOX
The DOJ and IRS have received clearance to issue a “John Doe” summons to SFOX, seeking the transaction history of suspected tax cheats.
from: Decrypt
- IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers
A federal court in California has okayed a John Doe summons to give the IRS access to records of crypto transactions made by SFOX clients, who may not have paid taxes on their transactions.
from: Cointelegraph
- IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders
The IRS has previously served such summons on companies like Kraken and Circle and typically does so when it wants to confirm whether the recipient's customers are properly reporting their taxes. Cryptocurrency transactions are taxed like property, with ...
from: Coindesk
- Crypto Traders Beware: IRS Gets Greenlight on Brokerage Inquiry
The IRS will soon have information on all US taxpayers that conducted $20000 or more in trades on SFOX between 2016 and 2021.
from: Blockworks
- IRS seeks crypto tax dodgers
A U.S. federal court granted an order authorizing tax authorities to seek information on crypto traders suspected of evading taxes. The order, entered by a federal court in the central district of California, allows the Internal Revenue Service (IRS) ...
from: Investment Executive
- US Court Allows IRS 'John Doe' Summons on California Crypto Broker
A California federal judge allowed the Internal Revenue Service to issue 'John Doe' summons on the SFOX Inc crypto broker and its affiliates.
from: BeInCrypto
- IRS Cleared To Seek Info On Crypto Platform sFOX's Users
The Internal Revenue Service can seek information from cryptocurrency platform sFOX about its users' tax compliance, after showing it's likely that some of the platform's account holders are avoiding their tax liabilities, a California federal judge ...
from: Law360
- IRS Sues John Doe Subpoena on Crypto Prime Dealer SFOX to Find Tax Fraud Clients
The federal court for the Central District of California issued an injunction on Monday to authorize the United States Internal Revenue Service (IRS) to.
from: The Bharat Express News
- Court Authorizes Service of John Doe Summons Seeking the Identities of US Taxpayers Who Have Used Cryptocurrency
“Taxpayers who transact with cryptocurrency should understand that income and gains from cryptocurrency transactions are taxable,” said Deputy Assistant Attorney General David A. Hubbert of the Justice Department's Tax Division. “The information sought by ...
from: Department of Justice
- IRS may issue SFOX, a Los Angeles bitcoin dealer, a John Doe summons
On August 15, 2022, a federal judge in the Central District of California issued an order allowing the IRS to serve a John Doe summons on SFOX, a.
from: TDPel Media