Katharine Suominen
Subscribe to Katharine Suominen's PostsKatharine 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.
Key Takeaways | Cryptocurrency Global Tax Enforcement: What Investors and Companies in the Industry Need to Know NOW
By Simon Airey, Kevin Spencer and Katharine Suominen on Jul 27, 2021
Posted In IRS Guidance, Tax Reform
During a recent program discussing the latest government enforcement efforts related to cryptocurrency, we spoke with Gary Alford, one of the leading Internal Revenue Service (IRS) agents in their crypto enforcement efforts, Perry Carbone, Chief of the White Plains Office (US Attorney’s Office – SDNY) and Andy Cole, former Director of Specialist Investigations at HM...
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Biden Administration Proposals Will Greatly Enhance IRS’ Ability to Identify Cryptocurrency Transactions
By Julian André, Kevin Spencer and Katharine Suominen on May 26, 2021
Posted In IRS Guidance, Tax Reform
The Biden Administration and the Internal Revenue Service (IRS) continue to focus heavily on cryptocurrency tax enforcement issues. On May 20, 2021, the US Department of the Treasury (Treasury) released the American Families Plan Tax Compliance Agenda, a 22-page report detailing tax compliance measures that are to be included as part of US President Joe...
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Finding John Doe, Part II: IRS Secures Another Victory to “Root Out” Virtual Currency Tax Noncompliance
By Julian André, Kevin Spencer, Katharine Suominen and McDermott Will & Emery 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)....
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DOJ and IRS’ Analysis of Crypto Records and Work with Private Experts and International Partners Leads to Arrest
By Katharine Suominen and McDermott Will & Emery 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...
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