Home News Massachusetts Court Has Approved The Request To Seek Identities Of US Taxpayers...

Massachusetts Court Has Approved The Request To Seek Identities Of US Taxpayers Who Have Used Cryptocurrency

- Advertisement -

The department of justice has passed a notice allowing a Northern District Court in California to obtain the records of circle customers. The judge in the district of Massachusetts has acted on the order and has issued a John De summons on all circle and Poloniex customers. 

They are seeking information about US taxpayers who have engaged in the crypto transaction of 20,000 dollars during the years 2016 and 2020.

According to the sources, the department of justice issued this order to ensure that cryptocurrency owners are obeying tax laws and are paying their taxes timely and fairly.

Read Also: Triller CEO Mike Lu Did Not Deny That They Inflate Their MAUs And DAUs

IRS commissioner Chuck Rettig in a press statement has said that tools like John De Summons send a message to US taxpayers that IRS is working to ensure that they are fully obedient to the use of virtual currency. 

The main reason behind this step is to ensure that these taxpayers are not using cryptocurrency as a medium to hide taxable income from the IRS.

They have previously used John De Summons to go after coin base and they fought for almost a year before submitting the records of nearly 14000 customers.

To get updated with more such latest news keep reading Mangoster’s blogs.

- Advertisement -
- Advertisement -
Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read

Public Cloud Hosting: The Key to Success in a Competitive Market 

A competitive market is no place for a business to be without an effective strategy. Whether you are just starting out or running an...
- Advertisement -

Who Is Sandra Bullock’s Daughter – Laila Bullock’s Net Worth, Father’s Name, Birthday, And Age

Laila Bullock is best known for being the adopted daughter of Sandra Annette Bullock, an American actress, and producer. Bullock completed her family when...

Best Red Vegetables And Their Health Benefits

Being fit is possible with green vegetables. Did you know that purple vegetables also have many health benefits? Red vegetables can help reduce the...

Top 8 Amazing Product Advertisement Videos to Learn From!

Undoubtedly, product videos are one of the most outstanding strategies that anyone could hope to find to assist you with creating them, support brand...
Related News

Public Cloud Hosting: The Key to Success in a Competitive Market 

A competitive market is no place for a business to be without an effective strategy. Whether you are just starting out or running an...

Who Is Sandra Bullock’s Daughter – Laila Bullock’s Net Worth, Father’s Name, Birthday, And Age

Laila Bullock is best known for being the adopted daughter of Sandra Annette Bullock, an American actress, and producer. Bullock completed her family when...

Best Red Vegetables And Their Health Benefits

Being fit is possible with green vegetables. Did you know that purple vegetables also have many health benefits? Red vegetables can help reduce the...

Top 8 Amazing Product Advertisement Videos to Learn From!

Undoubtedly, product videos are one of the most outstanding strategies that anyone could hope to find to assist you with creating them, support brand...

What is The Best Way to Dissertation Project Management?

Dissertation writing is the toughest yet an important phase of a graduate’s life. If you are new to any research degree and someone has...
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here