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Smart Contracts Virtual Currency Internal Revenue Service

DLA Piper

Blockchain and Digital Assets News and Trends – January 2025

DLA Piper on

This periodic bulletin is designed to help companies identify important legal developments governing the use and acceptance of blockchain technology, smart contracts, and digital assets. While the use cases for blockchain...more

Morrison & Foerster LLP

IRS Issues New Guidance and Proposed Form 1040 Question Regarding Virtual Currency

Morrison & Foerster LLP on

Last week the IRS issued a revenue ruling, FAQs, and a revision to draft Schedule 1 to Form 1040 regarding various aspects of virtual currency transactions.  The guidance is in line with the Treasury 2019-2020 Priority...more

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