Internal Revenue Service

Having just filed his 2016 taxes, a Zero Hedge reader submits the following bizarre story.

On January 20, the reader filed his Federal tax return using Tim Geithner's favorite TurboTax software, which the IRS formally accepted three days later, on January 24. One week later, on January 31, the IRS made an automatic deposit into the reader's bank account, who then used the refund to pay down his credit card debt the very next day.

Submitted by Robert Wood via Forbes.com,

Submitted by Andrew Kerr via TheCitizensAudit.com,

• Uncovered financial statements expose Media Matters.
• The organization received $1,052,500 in sublet rental income from 2010 to 2014, but failed to report this income to the IRS.
• Instead, key players pocketed this money for their own personal use.

David Brock, recently described by Politico as “the Democrats’ dark-arts master,” has some explaining to do.

A federal judge in California has ordered bitcoin wallet service Coinbase Inc. to hand over records of all American user transactions from 2013 to 2015 to the IRS, as part of a tax evasion investigation. RT.com reports: On Wednesday, the Northern California District Court allowed the Internal Revenue Service to issue a “John Doe” summons to Coinbase in the pursuit of “information about US taxpayers who conducted transactions in a convertible virtual currency during the years 2013 to 2015,” the US Department of Justice said.

Last week we reported, that in an unprecedented attempt to breach the personal privacy of users of the largest bitcoin exchange in the US, Coinbase, the IRS filed papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform.