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Internal Revenue Code (IRC) Non-Fungible Tokens (NFTs) Blockchain

Eversheds Sutherland (US) LLP

Entering the Digital (Asset) Age: White House Report Recommends Changes to the Taxation of Digital Assets

The President’s Working Group on Digital Asset Markets recently issued a detailed report, titled “Strengthening American Leadership in Digital Financial Technology,” recommending regulatory and legislative proposals to...more

ASKramer Law

Are Some Tokens Securities? Stock? And What Does It Mean for Taxes?

ASKramer Law on

We’re seeing an increasing variety of digital tokens that represent rights to, interests in, or ownership of an entity. We’re also seeing digital tokens that represent debt obligations of corporations. These tokens can be...more

Fenwick & West LLP

IRS Releases Notice 2023-27 on Tax Treatment of NFTs

Fenwick & West LLP on

On March 21, 2023, the Internal Revenue Service (IRS) announced its intent to issue guidance related to the taxation of certain types of nonfungible tokens (NFTs). Notice 2023-27 is the agency’s first published document...more

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