The IRS is seeking information on taxpayers who conducted at least $20,000 in cryptocurrency transactions for the years 2016 to 2012. The IRS wants records of those who conducted business with or through Circle, a Boston, Mass.-based digital currency exchanger. T
he IRS wants Circle to produce records identifying any such U.S. taxpayers and documents related to their transactions. U.S. Judge Richard G. Stearns found there is a reasonable basis for believing that cryptocurrency users may have failed to comply with federal tax laws. The petition by the IRS does not allege any wrongdoing on the part of Circle. Instead, the IRS says there is reason to believe there is “an ascertainable group or class of persons” who may have failed to comply with tax laws.