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.
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