{"id":52541,"date":"2022-06-11T12:54:02","date_gmt":"2022-06-11T17:54:02","guid":{"rendered":"http:\/\/fourthamendment.com\/?p=52541"},"modified":"2022-06-11T12:54:58","modified_gmt":"2022-06-11T17:54:58","slug":"bloomberg-tax-congress-crypto-reporting-rules-draw-constitutional-challenge","status":"publish","type":"post","link":"http:\/\/fourthamendment.com\/?p=52541","title":{"rendered":"Bloomberg Tax: Congress\u2019 Crypto Reporting Rules Draw Constitutional Challenge"},"content":{"rendered":"\n<p>Bloomberg Tax: <a href=\"https:\/\/news.bloombergtax.com\/daily-tax-report\/congress-crypto-reporting-rules-draw-constitutional-challenge\">Congress\u2019 Crypto Reporting Rules Draw Constitutional Challenge<\/a> (June 11, 2022)<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>COURT: E.D. Ky.<br \/>DOCKET: No. 5:22-cv-00149 (Bloomberg Law subscription)<br \/>JUDGE: Karen K. Caldwell (Bloomberg Law subscription)<\/p><\/blockquote>\n\n\n\n<!--more-->\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>A cryptocurrency reporting requirement enacted in last year\u2019s bipartisan infrastructure law violates the Fourth Amendment\u2019s protection against unreasonable searches, a new lawsuit alleges.<\/p><p>The complaint, filed Friday by cryptocurrency consultant Dan Carman, challenges the expansion of tax code Section 6050I to cover Bitcoin and other digital assets. That section of the tax code requires businesses that receive more than $10,000 in cash in a transaction or series of related transactions to disclose various information to the IRS, including identifying details of the client.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg Tax: Congress\u2019 Crypto Reporting Rules Draw Constitutional Challenge (June 11, 2022) COURT: E.D. Ky.DOCKET: No. 5:22-cv-00149 (Bloomberg Law subscription)JUDGE: Karen K. Caldwell (Bloomberg Law subscription)<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-52541","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/fourthamendment.com\/index.php?rest_route=\/wp\/v2\/posts\/52541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/fourthamendment.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/fourthamendment.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/fourthamendment.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/fourthamendment.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52541"}],"version-history":[{"count":2,"href":"http:\/\/fourthamendment.com\/index.php?rest_route=\/wp\/v2\/posts\/52541\/revisions"}],"predecessor-version":[{"id":52543,"href":"http:\/\/fourthamendment.com\/index.php?rest_route=\/wp\/v2\/posts\/52541\/revisions\/52543"}],"wp:attachment":[{"href":"http:\/\/fourthamendment.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/fourthamendment.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52541"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/fourthamendment.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}