Cryptocurrency is once again making big waves in the news thanks to Bitcoin and Dogecoin riding high, Tesla accepting payment in the form of Bitcoin,
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Treasury Signals That Cryptocurrency Like Bitcoin Will Be Reportable On FBAR
For years, Treasury has advised taxpayers that virtual currency is not required to be reported on the Financial Crimes Enforcement Network (FinCEN) Form 114, Report
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What You Need To Know About Cryptocurrency & Tax
Cryptocurrency is a digital or virtual currency. Essentially, it was created to offer a system to enable peer to peer payments without the need of
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Dark Deja Vu: IRS Announces Takedown Of Multi-Million Dollar Child Exploitation Website Funded By Bitcoin
The Internal Revenue Service (IRS) has announced the indictment of Michael Rahim Mohammad, a Dutch national. Mohammad, sometimes called “Mr. Dark,” has been accused of operating Dark
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Cryptocurrency Like Bitcoin Could Be Taxable
Form 1040 may look similar to last year’s return, but there’s one key difference that’s attracting attention: a question about cryptocurrency. As I reported late last
Read MoreCourt Taps Brakes On IRS Attempt To Access Bitstamp Customer Data
It’s deja vu all over again as the Internal Revenue Service (IRS) is seeking to access customer data from Bitstamp. As with the Coinbase case,
Read MoreAsk The Taxgirl: Paying Taxes On Bitcoin Transactions
Taxpayer asks: I paid short term and long term capital gains on my Bitcoin when I moved it from Coinbase into my hardwallet. Do you
Read MoreIRS Issues First Guidance On Cryptocurrency In Five Years
The Internal Revenue Service (IRS) has issued new guidance for taxpayers who engage in transactions involving virtual currency, including cryptocurrency. The new guidance, which is
Read MoreIRS Warns More Than 10,000 Taxpayers Who Might Have Failed To Report Cryptocurrency Income
Taxpayers who deal – or even dabble – in virtual currency may be on the receiving end of a letter from the Internal Revenue Service
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Ohio Will Allow Taxpayers To Pay Using Cryptocurrency
With the launch of OhioCrypto.com, Ohio will become the first state in the nation to accept tax payments using cryptocurrency.
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