Blockchain Tax Principles and New Guidance

By: David L. Forst , Sean P. McElroy , Matthew L. Dimon

In this installment of Tax Notes Federal, tax partners David Forst, Sean McElroy and associate Matthew Dimon examine recently released chief counsel advice (ILM 202316008) on the tax consequences of a cryptocurrency blockchain protocol upgrade, and they compare the points raised in the memorandum with long-standing tax principles established by Glenshaw Glass and Cottage Savings.

Read the full commentary and analysis in Tax Notes. (subscription required)


Don’t have an account yet?