Crypto platforms are relieved for now of the duty to report user transactions
The federal rule that would have required crypto platforms to report users’ transactions to the IRS has
Continue Reading Trump and Congress Nullify IRS Reporting Rule for Digital AssetsSummers are the ideal time for movies, baseball, long and winding road trips across the U.S. in search of the perfect family vacation or, just as important, a reasonable crypto
Continue Reading Cue Up Your Summer Movie Watch List: Crypto Reporting Goes From Lampoon to Hero [1]
By Adam R. Young and Brian Bernhardt
On January 13, 2023, the IRS issued Chief Counsel Memorandum 202302012 (the “CCM”) establishing new rules for donations of cryptocurrency. In the CCM
Continue Reading IRS Cracks Down on Charitable Contributions of CryptocurrencyONLY TWO DAYS AWAY! It’s not too late to register for Fox Rothschild’s Inaugural White-Collar Symposium this Thursday in Philadelphia! Panels will address timely topics including Health Care Fraud, COVID-19
Continue Reading Fox Rothschild’s Inaugural White-Collar Symposium, Thursday, November 3Introducing the Fox Rothschild White-Collar Symposium.
Join us in Philadelphia on the afternoon of November 3rd to meet with like-minded leaders to discuss the nationwide issues impacting white-collar criminal defense
Continue Reading Join Us for Fox Rothschild’s Inaugural White-Collar Symposium on November 3Christopher R. Callahan, Matthew D. Lee and Jennifer M. O’Brien authored the American Banker article, “Are Cryptocurrency Exchanges the New Swiss Banks?” View the full article.
Continue Reading Are Cryptocurrency Exchanges the New Swiss Banks?
The Internal Revenue Service announced today that it has begun mailing what it calls “educational letters” to taxpayers with cryptocurrency transactions who potentially failed to report income and pay the
Continue Reading IRS Ramping Up Cryptocurrency Enforcement Efforts With “Educational” Letters
Our colleague Ernest Badway writes about a recent decision in a federal criminal case rejecting the defendant’s argument that there was no securities fraud because he was selling digital tokens.
Continue Reading No Easy Out: Federal Judge Says Selling Digital Tokens May Violate Federal Securities Laws
Earlier this week the Internal Revenue Service announced creation of a virtual currency compliance initiative that will focus on tax compliance by taxpayers engaging in virtual currency transactions. The IRS
Continue Reading IRS Announces Audit Campaign Focusing on Virtual Currency Transactions, But No Voluntary Disclosure Program to Address Non-Compliance
Our colleague Kristen Howell has published an alert reporting on an important development in the cryptocurrency industry. The U.S. Securities and Exchange Commission has declared that Bitcoin, Etherium and other
Continue Reading SEC: Bitcoin Is Not Governed By Securities Laws