According to an order made by court of Northern District of California on June 30th, it has been reported that Kraken was ordered by court to provide IRS with Transaction and Account History. The order aims to verify if any of the exchange's users had underreported their taxes..
A federal court has ordered cryptocurrency exchange Kraken to provide personal information about certain users to the Internal Revenue Service (IRS) in an investigation into whether users underreported their taxes. The order requires Kraken to provide information on users whose cryptocurrency transactions amounted to more than $20,000 between 2016 and 2020, including providing the user's name, date of birth, address, phone number, taxpayer identification number, and other information.
Keywords
Kraken, IRS, Tax
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