Henry Stow Lovejoy participated in the panel titled “Tax Issues For Banking And Savings Institutions Dealing In Cryptocurrency" at the ABA Section of Taxation 2018 May Meeting

Cryptocurrencies and ICOs continue to proliferate. This panel considered issues pertinent to banks and other financial institutions raised by cryptocurrencies, including amount, character, timing and source of income and deductions from cryptocurrency loans and borrowings, treatment of cryptocurrency derivatives, and reporting and withholding obligations. Additionally, unique tax issues associated with ICOs were also addressed.

Panelists: Stow Lovejoy, Kostelanetz & Fink LLP, New York, NY; Anthony Tuths, KPMG, New York, NY; Stevie D. Conlon, Wolters Kluwer Financial Services, Arlington Heights, IL; Rebecca Lee, PwC, San Francisco, CA