Cryptocurrency, income taxation, block rewards, compensation
In this article, Ordower contextualizes block rewards litigation with historical failures to tax compensation income paid in kind. Tax fairness principles demand current taxation of the noneconomically diluting block rewards’ market value.
Ordower, Henry, Block Rewards, Carried Interests, and Other Valuation Quandaries in Taxing Compensation (June 6, 2022). 175 Tax Notes Federal 1551 (June 6, 2022) and 104 Tax Notes State 989 (June 6, 2022).