Jeremy Naylor gave a talk at the Blockchain Technology and Token Offerings: Back to the Future seminar where he spoke on Tax and Accounting Issues. During his talk, Naylor addressed complex topics such as:

• Are Proceeds of Pre-Sales of Rights to Future Tokens or Public Token Sales Taxed as Revenue or Equity? Does the IRS Treat Convertible Digital Currency as Property for U.S. Tax Purposes? What Public Announcements Has the IRS Made on Crypto-Currency?
• If the Company Holds the Residual Tokens, How are They Treated from an Accounting Perspective?
• If Token Sale Proceeds are Treated as Revenue to The Company, How Can the Company Shelter That Revenue?
• Can a U.S. Company Obtain Any Benefits by Forming a Subsidiary Outside of the U.S. in a Tax-Efficient Jurisdiction to do the Token Sale?