TaxProf Blog

Trevor H. Fry (J.D. Candidate 2025, Boston College), Note, For Everything Else, There's Taxes: Why Credit Card Rewards Should Stop Being Priceless, 66 B.C. L. Rev. 121 (2025):

The simple swipe or tap of a credit card creates ripple effects that impact people and parties at every stage of the economic food chain. Throughout the last century, the credit card industry has been allowed to grow with practically no hindrance or foresight of its repercussions. Furthermore, the sector has been a welldocumented engine of increasing financial inequality, representing an area of the economy that necessitates more forceful regulation. Legislation regarding the credit card industry has largely focused on increasing and clarifying consumerfacing disclosure and stamping out its most predatory practices; however, these laws have been unable to make meaningful progress in advancing financial equity. 

(more…)

Trevor H. Fry (J.D. Candidate 2025, Boston College), Note, For Everything Else, There's Taxes: Why Credit Card Rewards Should Stop Being Priceless, 66 B.C. L. Rev. 121 (2025):

The simple swipe or tap of a credit card creates ripple effects that impact people and parties at every stage of the economic food chain. Throughout the last century, the credit card industry has been allowed to grow with practically no hindrance or foresight of its repercussions. Furthermore, the sector has been a welldocumented engine of increasing financial inequality, representing an area of the economy that necessitates more forceful regulation. Legislation regarding the credit card industry has largely focused on increasing and clarifying consumerfacing disclosure and stamping out its most predatory practices; however, these laws have been unable to make meaningful progress in advancing financial equity. 

(more…)

Jaiden Pokoski (J.D. 2024, Florida State), Note, Navigating the Complexities of Cryptocurrency Taxation, 51 Fla. St. U. L. Rev. 809 (2024):

In recent years, the once-new technology of cryptocurrency has developed from something completely unheard of into a mainstream method of digital payment. Cryptocurrencies and other digital asset technologies have evolved and diverged, creating a multitude of uses: from an alternative to government-issued currency to an investmentdriven digital asset in and of itself. The creation and development of these technologies have presented significant challenges for the Internal Revenue Service’s (“IRS”) enforcement of tax compliance. As it stands, the IRS views these cryptocurrency technologies as property and taxes them as such.1 This approach has allowed exploitation and tax avoidance to occur, and it needs a major overhaul.2 New technologies continue to emerge every day, and regulatory bodies must be able and willing to evolve with them, or they will become obsolete. 

(more…)