On Oct. 9, 2019, the Internal Revenue Service (the “Service”) issued Revenue Ruling 2019-24 concerning the tax consequences of virtual currency hard forks, as well as FAQs on the taxation of virtual currency generally. This...more
12/3/2019
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Capital Gains ,
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Digital Currency ,
Distributed Ledger Technology (DLT) ,
Filing Requirements ,
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Investment ,
IRS ,
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Virtual Currency
The meteoric rise of cryptocurrencies has created a stir in the financial and investment communities. The Securities and Exchange Commission, along with other regulatory bodies, is taking an active role in policing and...more