Press Room: Virtual Currency

July 28, 2017

Tax Planning for Transactions or Investments in Virtual Currency

Virtual currencies are becoming increasingly popular in today’s financial markets. What was once thought to be a fad has garnered much attention lately due to the extraordinary surge in values. The ...

May 02, 2018

Tauber and Ankrah Presenting at TEI NJ Chapter Seminar

Tax Executives Institute (TEI) is the preeminent association for in-house tax professionals worldwide. The New Jersey Chapter of TEI will host a full day seminar on May 11, 2018 at the Meadow Wood Manor ...

October 18, 2019

Anticipated IRS Virtual Currency Guidance Clarifies Tax Treatment of Hard Forks and Airdrops; Approach Consistent with 2014 Notice

Whether a hard fork results in gross income and a reporting obligation for the owner depends on if a taxpayer is deemed to have received new units of virtual currency. The revenue ruling ...