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Is Bitcoin a Viable Currency?

Ryan Norton - February 08, 2018
Is Bitcoin a Viable Currency?

Cryptocurrencies have made some early adopters a lot of money, which—for conscientious taxpayers and tax professionals alike—begs the question: how does IRS handle Bitcoin and other virtual currency?…

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IRS Scales Back Bitcoin Probe

Bob Williams - July 14, 2017
IRS Scales Back Bitcoin Probe

The Internal Revenue Service has backed off parts of its investigation into the digital currency exchange Coinbase.…

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Are Bitcoin Users Cheating on Taxes?

Bob Williams - April 07, 2017
Are Bitcoin Users Cheating on Taxes?

The use of virtual currency such as Bitcoin has been growing for all sorts of online financial transactions. But the Internal Revenue Service says they’re finding that very few of those transactions are being reported for tax purposes.…

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AICPA Asks IRS for Clarification on Virtual Currency

Taxing Subjects - June 27, 2016
AICPA Asks IRS for Clarification on Virtual Currency

The Internal Revenue Service recently issued their guidelines as far as how Bitcoin and the other virtual currencies fit into the scheme of the American tax structure. But the American Institute of…

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