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Am Law 100 firm with practices in Business, Digital Assets and Data Management, Intellectual Property, Labor & Employment, Litigation and Tax.

Home | BakerHostetler

SEC Director of Enforcement Warns of a ‘Perfect Storm’ Developing Around AI

The Privacy Strategist – The Children’s Data Life Cycle

Sophilia Wu Receives Best Lawyer Under 40 Award from the State Bar of Texas Asian Pacific Interest Section

Amy Traub Serves as Commentator for 76th NYU Annual Conference on Labor & Employment Law: Challenges & Opportunities

Counsel Nicholas Mowbray is quoted in “Tiptoeing Around Tax Treatment of NFTs,” a news analysis published April 3, 2023, in Tax Notes Federal.  The IRS recently issued guidance saying it will treat a non-fungible token “as a collectible if the NFT’s associated right or asset falls under the definition of collectible in the tax code.”  Mowbray told Tax Notes Federal that this is a “sensible approach. It is trying to determine how an NFT should be taxed based on what it substantively provides to its holder,” he said.  <a href="https://www.taxnotes.com/user?destination=%2Ftax-notes-today-federal%2Fcryptocurrency%2Ftiptoeing-around-tax-treatment-nfts%2F2023%2F04%2F03%2F7g8zs" target="_blank" rel="noopener">Read the article (subscription required).</a>

Nicholas Mowbray Addresses New IRS Guidance on Non-Fungible Tokens

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