U.S. IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders

U.S. IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders

“The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains a critical tool in catching tax cheats,” IRS Commissioner Charles P. Rettig said in a U.S. Department of Justice (DOJ) press release. “The court’s granting of the John Doe summons reinforces our ongoing, significant efforts to ensure that everyone pays their fair share.”

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