IRS to exempt users who have traded less than $20,000 from verification

During the last couple of months, the Internal Revenue Service has been in media attention, after deciding to check on users conducting transactions through the Coinbase exchange.
Recent reports now indicate that the IRS is now taking a narrower path after being scrutinized by both the press and bitcoin users, hence deciding to only obtain records of transactions for users that have conducted transactions of at least $20,000. By doing so, a big percentage of users on Coinbase no longer have to w