Blockchain Tax
Native Proficiency, Unparalleled Guidance
Fenwick is the premier blockchain tax firm in the country. We leverage our deep institutional knowledge of Web3 with our unparallelled multidisciplinary expertise in tax law, including international, corporate, partnership, transfer pricing, M&A and financial products.
Blockchain tax remains in its infancy, with uncertain implications for innovative companies in the tax space.
Fenwick not only guides clients through the emerging, complex tax landscape for digital assets; we have played an integral role helping shape that landscape. While many firms see crypto as a layer on top of their tax practice, Fenwick builds its blockchain tax practice from both its deep experience in corporate and international tax planning and controversy, and a bedrock proficiency in blockchain, which underpins and enables sophisticated tax advice and counsel in all blockchain tax matters.
Fenwick routinely advises hundreds of clients on tax issues relating to token generation events, private token sales, NFTs, decentralized autonomous organizations (DAOs), and centralized and decentralized cryptocurrency structures.
So, whether you’re a crypto native on the cutting edge, or an established corporation diversifying your portfolio, our team meets you where you are and positions our tax advice—on transactional, regulatory, or litigation and controversy matters alike—to help you achieve your objectives in the fast-changing blockchain tax landscape.
Fluent in Crypto and Tax Controversy
Not only can Fenwick provide planning advice to clients in the blockchain tax space, it is uniquely positioned to represent blockchain and Web3 clients on all stages of tax controversy. Our team’s traditional litigation capabilities are strengthened by our deep crypto subject-matter knowledge, a force-multiplier that delivers enhanced results.
Fenwick guides its clients through:
- IRS Audits and Examination
- IRS Appeals
- Cases before the U.S. Tax Court and U.S. District Courts
- Appeals from Tax Court and District Court Cases
Shaping the Legal Landscape
More than your guides through crypto tax planning and litigation, Fenwick promotes blockchain tax issues before the government and before key regulatory agencies. We have also submitted comments to the U.S. Senate on crypto tax challenges and the need for a technologically neutral system of taxation that neither specially favors nor disfavors what could be the most revolutionary technological advancement since the creation of the internet. And we routinely submit comments on tax regulations and our attorneys have testified before the U.S. Treasury Department and IRS to argue that expanding decentralized finance (DeFi) regulations would stifle American innovation and drive the digital asset industry to move offshore.
Fenwick’s policy work extends beyond the blockchain tax space—we have submitted amicus briefs to the U.S. Supreme Court in the closely watched Sixteenth Amendment case Moore v. United States.
For the latest cryptocurrency news and regulatory developments, visit our Fenwick Crypto Review.
