Trader Appeals Against IRS for Gaining Access to Crypto Records Without Notice

Savannah Fortis
·1 min read

BeInCrypto –

A New Hampshire-based crypto trader prepares his case against the IRS before the 1st Circuit Court of Appeals.

James Harper claims the IRS overstepped his constitutional rights when the department got a hold of his transaction records. In 2019 the IRS sent letters to Coinbase crypto traders regarding reporting of crypto trades for taxation purposes. After which, the IRS received an additional $25 million in revenue from crypto taxes.

According to Harper’s legal team, Civil Liberties Alliance, he received a letter from the IRS about his crypto records. “On August 9, 2019, Mr. Harper received a letter from the IRS informing him that the agency had obtained his financial records related to bitcoin ownership without any suspicion of wrongdoing. Mr. Harper was one of more than 10,000 cryptocurrency owners who received such a letter.”

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