Current Federal Tax Developments

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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

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2021-05-10 Summons and Cryptocurrency Exchanges Edward K. Zollars, CPA (Kaplan Financial Education)

Articles for this week’s update can be downloaded as a PDF below:

2021-05-10 Current Federal Tax Developments