Federal Tax Update: Crowdfunding Tax Fact Sheet

https://vimeo.com/692900746

https://www.currentfederaltaxdevelopments.com/podcasts/2022/3/27/2022-03-28-crowdfunding-tax-fact-sheet

 

This week we look at:

• IRS releases SIFL rates for first half of 2022
• IRS discussion of taxation of crowdfunding in light of new Form 1099-K rules
• Ninth Circuit affirms that legal settlement is taxable
• No de minimis relief for issue with erroneous information returns