IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders

IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders

The court order, approved by a judge in the Central District of California, authorizes the IRS to serve the summons against SFOX, asking for information about any “U.S. taxpayers who conducted at least the equivalent of $20,000 in transactions in cryptocurrency between 2016 and 2021 with or through SFOX.” SFOX will be required to share any records identifying these users and their transactions through the service.

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