IRS pursues crypto tax evaders with M.Y. Safra Bank summons
Fri, Sep 23, 2022 1:45 PM

IRS pursues crypto tax evaders with M.Y. Safra Bank summons

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The U.S. Internal Revenue Service (IRS) has been granted the power to issue a so-called “John Doe” summons to M.Y. Safra Bank. The tax agency is seeking information on SFOX users who may have evaded taxes. In 2019, M.Y. Safra Bank partnered with SFOX and offers SFOX users access to cash-deposit bank accounts.

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