Hot off the press is the Tax Court’s decision in Paschall v. Commissioner, T.C. Memo. 2026-46, which is the first significant merits decision addressing whether proof-of-stake rewards are taxable when received. The Court held that Alvie and Patricia Paschall had unreported income from Cardano staking rewards credited to Mr. Paschall’s eToro account in 2021.
Philipp Behrendt is a Principal at Hochman Salkin Toscher Perez P.C., licensed in California as well as in Germany and assists in advising clients in civil and criminal tax controversies as well as international money laundering investigations stemming from tax avoidance structures. He also focuses on the technical aspects involved in advising voluntary disclosures in connection with DeFis, NFTs, and other crypto assets. Philipp is a Liaison to the Young Lawyer Committee for the ABA Tax Section’s Civil and Criminal Tax Penalties Committee and served on the Beverly Hills Bar Association’s Barristers Board of Governors from 2022 to 2023. Philipp is the Chair of the Beverly Hills Bar Association’s Tax Section and the Blockchain and Web3 Law Section.
For more information, please contact Philipp Behrendt at behrendt@taxlitigator.com
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