Coinbase Likely to Lose Fight to Block IRS Customer Probe
- U.S. judge indicates she’ll allow tax avoidance investigation
- Company’s chief lawyer maintains ‘no evidence of wrongdoing’
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Coinbase Inc. customers who haven’t reported their cryptocurrency gains to the Internal Revenue Service, beware.
A federal judge is poised to allow a limited investigation into those gains to proceed over the company’s objection that the agency is on “a massive fishing expedition” meant to make itself look tough in the eyes of its critics in Congress.