Alston & Bird Tax Blog

Is the IRS “HODLing” Out on Us? IRS Issues Additional Cryptocurrency Guidance Addressing Hard Forks, Soft Forks, and Airdrops

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The IRS provided some much-needed guidance on protocol changes to blockchain. Our International Tax Group breaks it down.

  • What the forking wallet?
  • Two scenarios for hard forks
  • What about airdrops?

Read the full advisory here.

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About Daniel Reach

Danny Reach is an associate in the Federal and International Tax Group. His practice includes federal and international tax planning, and he has particular experience with the tax aspects of derivative financial instruments.

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About Blake Estes

Blake Estes is a member of the Financial Services & Products Group in Alston & Bird’s New York office. Blake centers his practice on derivatives, structured products, and financial technology (FinTech) projects.

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About April McLeod

April counsels her clients through the labyrinth of federal and international tax laws.

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