“John Doe 4” has been granted the right to intervene in an ongoing court case between the Internal Revenue Service (IRS) and Coinbase. That gives the anonymous Coinbase customer the ability to contest the IRS’ efforts to identify and obtain Coinbase customer information.
Read MoreTag: virtual currency
Is Cryptocurrency Like Bitcoin Income Tax-Free?
In 2014, the IRS issued controversial guidance stating that U.S. taxpayers should treat digital currencies as capital assets, provided those currencies are
convertible at some point into traditional cash.
Taxes From A To Z (2017): V Is For Virtual Currency
It’s Taxes From A to Z! V is for Virtual Currency.
Read MoreVirtual Heads Or Tails: EU Says Bitcoin Is Currency For Tax Purposes While US Disagrees
Bitcoin is money. That was the gist of a ruling this week from the European Court of Justice (ECJ), the highest court in Europe. The
Read MoreDon't Forget Bitcoin At Tax Time
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
Read MoreIRS Says Bitcoin, Other Convertible Virtual Currency To Be Taxed Like Stock
The IRS has finally issued some guidance on the tax treatment of Bitcoin and certain other virtual currency. What did they decide?
Read MoreThe End Of The (Silk) Road For Bitcoin Millionaire As IRS, Fed Agencies Make Arrests
We used to assume that crime happened in predictable places: dark alleys and dicey street corners. In reality, some of the biggest crimes in the
Read MoreFrom Treasure To Trash: Man Tosses Out Bitcoin Wallet On Hard Drive Worth $9 Million
James Howell, a tech geek in the UK, made the painful realization that he had literally thrown away $9 million when he tossed out his computer hard drive. That hard drive stored 7,500 in bitcoins – an alternative currency that recently soared in value. But Howells’ folly is a good opportunity to talk casualty loss deduction: when can bad luck result in a tax deduction?
Read MoreVirtually Wealthy
Remember my post about Second Life? Forbes has an interesting look at the kinds of numbers that the company is generating. And by way of
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