NEW: The IRSnews has filed a court petition to enforce a summons for information from Kraken. nikhileshde reports
The Internal Revenue Service has filed a court document seeking permission to enforce a summons for information against Kraken and its subsidiaries.
The IRS filed a court petition to enforce its summons on Thursday, with the filing going live just minutes after Kraken announced it wouldThe IRS said it first issued a summons in 2021, but Kraken has failed to comply. "Despite discussions between the parties, Payward Ventures Inc. & Subsidiaries has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons. Payward Ventures Inc. & Subsidiaries’ failure to comply with the summons continues to this date," the IRS said.
According to the petition,"the IRS is conducting an investigation to determine the identity and correct federal income tax liability of U.S. persons who conducted transactions in cryptocurrency for the years ended December 31, 2016, 2017, 2018, 2019, and 2020."
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