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

by Jeremy

The court order, which was 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 those users and their transactions through the service.

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