Federal Tax Update: Summons and Cryptocurrency Exchanges

https://vimeo.com/547234241

https://www.currentfederaltaxdevelopments.com/podcasts/2021/5/9/2021-05-10-summons-and-cryptocurrency-exchanges

 

This week we look at:

• IRS looks at issues for use of an aircraft by a sole proprietor
• Dividends from controlled C corporation are still part of net investment income under IRC §1411
• IRS allowed to serve John Doe summons on Kraken exchange for information on customers