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Tag: Cryptocurrency and Blockchain

Caroline D. Ciraolo Quoted In Tax Notes News Article Entitled “Tax Enforcement Announcements Are Overused, Defense Attorneys Say”

Caroline D. Ciraolo was quoted in a recent Tax Notes article entitled “Tax Enforcement Announcements Are Overused, Defense Attorneys Say,” published on November 2, 2021. The article explores the intended and unintended consequences of the IRS and Justice Department publicizing enforcement efforts on tax compliance, accurate public information, and the

K&F News Brief: Treasury Announces Ransomware Compliance Guidance

On October 15, 2021, The U.S. Department of the Treasury announced new sanctions compliance guidance in the virtual currency industry from the Office of Foreign Assets Control (OFAC) and the publication of Ransomware Trends in Bank Secrecy Act Data by the Financial Crimes Enforcement Network (FinCEN). These anti-ransomware efforts are

John Doe Summonses, Cryptocurrency, and the Taxpayer First Act

By Megan L. Brackney and Jas Singh Tax Notes State October 2021 Abstract: In this article, Brackney and Singh explore the effect of the Taxpayer First Act’s procedural requirement that John Doe summonses be “narrowly tailored to information that pertains to the failure (or potential failure)” to comply with tax

The IRS Ramps Up Cryptocurrency Enforcement

By Caroline Rule and Daniel Q. Flesch The Journal of Tax Practice & Procedure Summer 2021 Issue At a Federal Bar Association conference in March of this year, Damon Rowe—Director of the Office of Fraud Enforcement at the IRS—announced a new initiative. Operation Hidden Treasure consists of a special joint-effort

Don Fort Talks Cryptocurrency And Taxes On KCBS Radio

In a segment entitled, “If You Invested in Cryptocurrency, Make Sure You Do Your Taxes. Here’s Why,” Don Fort spoke with KCBS Radio’s Stan Bunger about the tax implications of owning and investing in cryptocurrency. Listen to the full interview here.