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Katharine Suominen focuses her practice on litigation matters, including complex commercial litigation for public and private companies, white collar criminal defense and investigations, internal corporate investigations and design and implementation of compliance programs and insurance coverage disputes.
Finding John Doe, Part II: IRS Secures Another Victory to “Root Out” Virtual Currency Tax Noncompliance
By Carlos F. Ortiz, Julian André, Kevin Spencer and Katharine Suominen on May 7, 2021
Posted In IRS Guidance, Tax Reform
The Internal Revenue Service (IRS) has scored another significant victory in its rapidly increasing virtual currency tax enforcement efforts. On May 5, 2021, the US District Court for the Northern District of California entered an order authorizing the IRS to serve a John Doe summons on popular cryptocurrency exchange, Payward Ventures Inc. d/b/a Kraken (Kraken)....
DOJ and IRS’ Analysis of Crypto Records and Work with Private Experts and International Partners Leads to Arrest
By Carlos F. Ortiz and Katharine Suominen on Apr 30, 2021
Posted In IRS Guidance, Uncategorized
US law enforcement continues to make no secret of their efforts to work closely with experts and overseas partners to prosecute those involved in virtual currency transactions who attempt to rely on its purported anonymity to commit financial crimes. Tuesday’s arrest of Roman Sterlingov, a dual citizen of Russia and Sweden and alleged operator of...