But before you settle your brains for a long winter’s nap, think about this. Even though Steven may have sunk IRS’s Battleship, today IRS is not in any immediate Trouble. In fact, it is already working on a new Mousetrap. On November 30, 2016 IRS received permission to issue a John Doe summons to Coinbase, Inc., a virtual currency exchanger headquartered in San Francisco, California, that Les discussed last month in his post IRS Seeks Information via John Doe Summons Request on Bitcoin Users.
The moral of the story? Uno’s? I suspect many clients with assets hidden offshore will still take a big Risk by not coming in under IRS’s voluntary disclosure program, but you don’t have to be a Mastermind to see that many of them will ultimately be Sorry. But, I guess that’s The Game of Life. Happy Holidays!