June 28, 2017
States Passing Laws Adressing Blockchain

The federal government is not waiting around for taxpayers to self-report their gains from the exchange of cryptocurrency.

In a legal battle that began last year and has continued into 2017, the IRS is attempting to force the release of virtual currency broker’s customer […]
June 23, 2017
How Do I Report Bitcoin Transactions on my Taxes? 1040? Schedule D? Form 8949?

How Do I Report Bitcoin Transactions on my Taxes? 1040? Schedule D? Form 8949?

The IRS’s decision to characterize virtual currency such as Bitcoin as property rather than currency resulted in a number of tax impacts. Fundamentally, treating Bitcoin and […]
April 17, 2017
Tax Treatment of Bitcoin is Certainly Uncertain

Tax Treatment of Bitcoin is Certainly Uncertain

It has been over three years since the Internal Revenue Service released guidance on the tax treatment of bitcoin and other virtual currency. Although the IRS […]
February 12, 2017
Bitcoin purchase

California Man Makes More than $1 Million Through Bitcoin Home Purchase

Many people are somewhat perplexed when they find out that the IRS does not consider Bitcoin to be currency. After all, isn’t Bitcoin a medium of […]
December 23, 2016

Tax Mistakes by Bitcoin and Coinbase Account Holders Can Also be Revealed Through IRS Whistleblower Programs

Taxpayers who have used Bitcoin in the past have probably heard that the IRS is seeking to obtain information about transactions and account holders at Coinbase. […]
December 1, 2016

IRS to Serve Summons to Obtain Identities of Coinbase Account Holders

  IRS’s Motion to Serve John Doe Summons to Obtain Identities of Coinbase Account Holders from 2013 through 2015 Was Granted Bitcoin is a still-emerging virtual […]