The Internal Revenue Service of the United States government has released guidance for U.S. taxpayers who gain dominion & control of virtual currencies (tokens) via an airdrop following a hard fork of a preexisting token. That guidance has been published online and may be reviewed here.
The use of the EthereumTaxDodgeball system may have tax implication for U.S. taxpayers.
Taxpayers may use this page to accept offers made to purchase their hard-forked-and-airdropped tokens. They may also elect to opt out of participation in the EthereumTaxDodgeball system.
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The Metamask extension may be used for this purpose.
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Redeem Tokens
Taxpayers who have gained dominion & control of tokens through an airdrop following a hard fork through the EthereumTaxDodgeball system may be able to exchange their tokens for ether.
This action requires two blockchain transactions:
Authorization of the EthereumTaxDodgeball contract to manage the taxpayer's airdropped tokens
Acceptance of an existing offer to purchase the taxpayer's airdropped tokens
Ethereum Transaction Error
Opt Out
Taxpayers who maintain a healthy fear of their government may elect to opt out of participation. One must simply pay the opt-out fee in order to be excluded from all future token gifts made through the EthereumTaxDodgeball contract.
The fee at this time is 0 ether.
The current address has already opted out of the contract deployed on the current network.