Blockchain and the Law
Michael Fernhoff

Michael Fernhoff

Partner

Michael Fernhoff is a partner in the Tax Department. Mike has substantial experience in all aspects of federal, state and local income tax planning for complex corporate and real estate transactions.

Mike has significant experience structuring and implementing international as well as domestic business transactions.

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IRS Answers Some, but Not All, Questions in Long-awaited Cryptocurrency Guidance

The first official guidance on the taxation of cryptocurrency transactions in more than five years has been issued. The guidance includes both a Revenue Ruling (Rev. Rul. 2019-24, 2019-44 I.R.B. 1) and answers to Frequently Asked Questions on Virtual Currency Transactions (the “FAQs,” together with Revenue Ruling 2019-24, the “Guidance”) was issued on October 9, 2019 by … Continue Reading
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