Document Type
Article
Publication Date
1-13-2020
Abstract
The IRS recently issued its second description of how it will treat Bitcoin and other blockchain assets. Some of its analysis leaves open questions that invite further consideration, and important issues remain unresolved. Moreover, because the popular Bitcoin blockchain uses a "proof of work" consensus procedure, issues relating to the alternative "proof of stake" procedure have been neglected.
Repository Citation
Shakow, David J., "Taxing Bitcoin and Blockchains—What the IRS Told Us (and What It Didn’t)" (2020). Faculty Scholarship at Penn Law. 2140.
https://scholarship.law.upenn.edu/faculty_scholarship/2140
Included in
Business Organizations Law Commons, Commercial Law Commons, Economic Policy Commons, Internet Law Commons, Law and Economics Commons, Policy Design, Analysis, and Evaluation Commons, Securities Law Commons, Taxation-Federal Commons
Publication Citation
Tax Notes Fed., at 241 (Jan. 13, 2020).