Although it’s early in the year, Coinbase seems to be making an effort to remind us about upcoming reporting obligations.

Reminder messages are appearing on users’ screens upon login in the USA, EU, and Canada.

You might recall back in November, Coinbase claimed a “partial victory in court” over the IRS regarding the latter’s demand to disclose customer information.

Presumably in an attempt to keep things simpler (and reduce court battles) for everyone, Coinbase has updated their FAQ regarding taxes. Because “Coinbase cannot provide legal or tax advice”, they provide a link to IRS reporting guidelines regarding cryptocurrency trading.

Given that the court battle between Coinbase and the IRS has been going on since November 2016, it’s understandable that they want to reduce their exposure going forward.

 

(Photo by Beatriz Pérez Moya on Unsplash)

If you got something useful from this post, please share it on Facebook and Twitter so your friends can benefit from it too.

Donations and support are always greatly appreciated

Advertisement. Article continues below

BTC Wallet: 1LyutLaQ3sufbFcETue6kYbQHqZvYbvAD9

ETH ERC20 Wallet: 0xca0dd607339edee021fb95e4a63fc21f13f4de2f

LTC Wallet: LaPhoXcybZ3hHNs7jFeBo28uYXpYZe45w8

DASH Wallet: XtHavbmxb6gQixkBKXq2igQ2GhLUjLCh88

DOGE Wallet: DD2PN95XBgUvwRf5jbGV78d6nWEgVwjm4L

TL;DR Disclaimer: We are not financial advisors. We don't know what we're talking about. Do your own research and consult with a professional broker or advisor. Trading is risky. Investing is risky. We may receive small rewards if you follow links on our site. We endorse nothing. You are responsible for you.

Read our full disclaimer here.