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Bitcoin Currency

Bitcoin Currency Blog Archives

February 13, 2018
New IRS Enforcement Programs to Focus on Foreign Accounts, Bitcoin and Other Cryptocurrencies

New IRS Enforcement Programs to Focus on Foreign Accounts, Bitcoin and Other Cryptocurrencies

As we slide into yet another tax season, taxpayers should be cautioned that the Internal Revenue Service (IRS) is beginning 2018 on an aggressive note. Under […]
January 31, 2018
Attention Cryptocurrency Traders: Prepare for Higher Tax Liabilities Under the GOP Reform Act

Attention Cryptocurrency Traders: Prepare for Higher Tax Liabilities Under the GOP Reform Act

On December 20, Senate Republicans passed the Tax Cuts and Jobs Act of 2017, voting 51-48 to support a reconciled version of the bill which merged […]
January 19, 2018
U.S. Treasury Department Partners with IRS to Enforce Stricter Bitcoin Regulations

U.S. Treasury Department Partners with IRS to Enforce Stricter Bitcoin Regulations

Throughout 2017, lawmakers and IRS agents worked to tighten existing regulations governing cryptocurrency transactions, notably large transactions made using the virtual currency Bitcoin, which has recently […]
January 16, 2018
Crypto-Currency – Hard Forks and What They Mean For Your Tax Bill

Crypto-Currency – Hard Forks and What They Mean For Your Tax Bill

Crypto-currency investment is a difficult subject matter to grasp. Even more difficult is understanding the tax implications behind it. If you have engaged in the mining […]
January 9, 2018
House Holds Hearing, Senate Introduces Bill to Regulate Bitcoin and Other Cryptocurrencies

House Holds Hearing, Senate Introduces Bill to Regulate Bitcoin and Other Cryptocurrencies

2017 was a transformative year for cryptocurrency – or at least, set the stage for 2018 to be. The year began on shaky footing for Bitcoin […]
December 29, 2017
Will I Be Audited by the IRS if I Use Coinbase to Buy, Sell, or Store Bitcoins?

Will I Be Audited by the IRS if I Use Coinbase to Buy, Sell, or Store Bitcoins?

The cryptocurrency or virtual currency “Bitcoin” has exploded in value since its debut, skyrocketing from fractions of a cent in 2010, when it was traded for […]