alternative currency

Individual

Don't Forget Bitcoin At Tax Time
ByKelly Phillips Erb January 11, 2015

Getting those tax records together for the 2015 filing season? Don’t forget about Bitcoin. The Internal Revenue Service (IRS) issued guidance to taxpayers in 2014 on how to treat Bitcoin – and other virtual currency – for federal income tax purposes. That guidance, IRS Notice 2014-21, (downloads as a pdf) indicates that Bitcoin and other…

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Tax policy

Funny Money Or New Economy? Alternative Currency Raises Tax, Other Challenges
ByKelly Phillips Erb July 22, 2013July 13, 2020

As interest in alternative currencies like Equal Dollars and BerkShares grows, the tax implications of using currencies for goods and services become more relevant. We know that IRS has its eye on digital currencies like Bitcoin and previously, Liberty Reserve, but what about local currencies?

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