Taxation of Cryptocurrency Forks and Airdrops

Taxation of Cryptocurrency Forks and Airdrops

In Revenue Ruling 2019-24 the IRS considered what are the tax consequences of crptocurrency forks and airdrops.  Those of us who hold, or held, cryptocurrency during widely-followed forks, such as Bitcoin’s 2018 fork into Bitcoin and Bitcoin Cash, know the drill.  The...

For Foreign Law Firms in Australia

The gamble of doing business in Australia came into sharp relief this past week when one U.S. law firm parted ways with Australia while another global firm took its relationship with the country to a whole new level. New York law firm Fried, Frank, Harris, Shriver...