In the latest edition of his Federal Tax Update, Ed Zollars dives into the crowdfunding tax fact sheet. This week we look at:
- IRS releases SIFL rates for first half of 2022
- IRS discussion of taxation of crowdfunding in light of new Form 1099-K rules
- Ninth Circuit affirms that legal settlement is taxable
- No de minimis relief for issue with erroneous information returns
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