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Speaking Engagements

White Collar Principal Peter Hardy Presents on Virtual Currency Tax and Enforcement Issues at ACI Conference on Nov. 21

November 21, 2014

On November 21, Internal Investigations & White Collar Defense Principal Peter D. Hardy co-presented, "Tax Status and Tax Treatment of Virtual and Digital Currency and the Implications of Its Use for Taxation," at the American Conference Institute's (ACI) Virtual & Digtial Currency and Payment Systems Conference in New York City. 

Mr. Hardy, co-presenting with former Assistant Attorney General of the Tax Division, U.S. Department of Justice, Kathryn Keneally, examined the tax compliance and enforcement issues relating to virtual currency, specifically:

  • Obligations of the various parties involved in the chain of exchange
  • Merchant acceptance
  • The responsibility of end users to report
  • IRS Notice 2014-21 regarding virtual currency
  • Potential FBAR reporting issue

ACI's forum on Virtual & Digital Currency and Payment Systems, brings together an unparalleled faculty of in-house counsel and compliance professionals, senior executives from industry-leading companies, high-level regulatory and enforcement officials, and top outside counsel specializing in virtual and digital currencies who will provide the insights and tools necessary to navigate the legal, compliance, technical, and business hurdles related to virtual and digital currencies. 

Related Resources:

04.18.2014 - "Evaders May Turn to Virtual Currency as Traditional Offshore Bank Secrecy Falters," Bloomberg BNA's White Collar Crime Report  - Authors: White Collar Principal Peter D. Hardy and Associate Mehreen Zaman