Security Tokens Versus Utility Tokens

This seems to be the subject of every conversation in the Crypto Space this year.  The reason that it has become relevant lately is that representatives from the Security Exchange Commission (“SEC”) have declared that most every token that they have analyzed is a Security Token.  These statements come after two years of crypto based companies all claiming that their tokens are Utility Tokens. So, who…
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Do You Think Your Estate May Owe Death Taxes? An Estate Tax Primer On The Fundamentals Of The Illinois Estate Tax

Most people have heard of the estate, or death, tax, but many who have heard of it may not understand what the estate tax is, how it is calculated, who collects it, or what happens if you do not pay it. This is a brief primer on the Illinois Estate Tax, which is a separate…
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What The Future Of Regulation Means For Crypto Traders Podcast

Phil and Heather from Fornaro Law recently discussed their view on the shifting regulation for fundraising and initial coin offerings and what it means for the average trader or investor.
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WealthTech 2018 Panel Discussion

Click here to listen to a Podcast of the panel discussion that Phil Fornaro was on at WealthTech 2018 (How To Analyze An ICO).
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The Power Of Networking And The Joy Of Connection

When I meet a person, I strive to find his or her passion. My goal is to absorb a person’s energy and see what drives them.  If there is no energy, it is hard for me to make a connection. In recent years, it seems like the most important thing to me is to establish…
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Reality check: Virtual currency and its tax ramifications By Shehan Chandrasekera, CPA

While Fornaro Law is not an accounting firm, it has strategic partnerships in the Crypto Space. Please see CPA Shehan Chandrasekera’s article about the tax treatment for various blockchain/crypto currency related transactions in simple terms.
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Phil Fornaro Wealthtech 2018 – Fintank Testimonial Video

We feel strongly about our strategic partnerships, especially in the Crypto Space. Fintank is one of our Chicago Partners in the Crypto space.
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