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Specifically, the IRS summons seeks information about customers of SFOX, a cryptocurrency prime broker, who used banking services that M.Y. Safra Bank offered to SFOX customers engaged in cryptocurrency transactions.
As described further in the IRS’s petition in support of the summons, though taxpayers who transact in cryptocurrencies are required to report any associated profits and losses on their tax returns, the IRS’s experience has demonstrated significant tax compliance deficiencies relating to cryptocurrencies and other digital assets.
SFOX has partnered with M.Y. Safra to offer SFOX users access to cash-deposit bank accounts.
In this action, the district court granted the IRS permission to serve what is known as a John Doe summons on M.Y. Safra.
- This case is being handled by the Office’s Tax and Bankruptcy Unit.
Assistant U.S. Attorney Jean-David Barnea is in charge of the case.
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When I started working for myself, an accountant told me that it's much better to just pay them then saving a few thousand dollars to frick them over and get audited. Just pay them and they will leave you alone and it's one less stressful part about your life.
Krayon sexually assaulted his sister.
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