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Will the IRS Issue Cryptocurrency Tax Regulations in 2024?

ByKelly March 2, 2024May 4, 2025

Will the IRS Issue Cryptocurrency Tax Regulations in 2024? By Kelly Hanley, Esq., Chicago Tax Attorney Cryptocurrency has become a hotbed of complexity and uncertainty in tax law. As the digital currency landscape evolves, so…

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No Gain or Loss Realized in Crypto Protocol Upgrades, According to IRS Memorandum

ByJillian May 6, 2023

The Internal Revenue Service (IRS) has released a new Chief Counsel Advice (CCA) Memorandum, providing guidance on the tax implications of cryptocurrency protocol upgrades. The document clarifies that no gain or loss is realized in…