Bitcoin

June 22, 2020
U.S. Treasury Department Partners with IRS to Enforce Stricter Bitcoin Regulations

Will You Get Audited Because You Use Coinbase?

Since the introduction of Bitcoin in 2009, the use of virtual currency has become more and more common across the globe. Now, it is typical for […]
June 1, 2020
IRS Announces International Cryptocurrency Taskforce Fighting Bitcoin Tax Evasion

IRS Asks Tech Companies to Help Bust Virtual Currency Traders

It is no secret that the IRS has their sights set on cryptocurrency compliance and have for a few years. Newly discovered documents are giving taxpayers […]
February 19, 2020

IRS Virtual Currency Examinations and Criminal Tax Prosecutions Likely to Skyrocket: Taxpayers Urged to Come into Compliance Now

Cryptocurrency (in this article, referred to as virtual currency and cryptocurrency, interchangeably), is one of the hottest topics in IRS civil and criminal tax enforcement. The […]
January 10, 2020

Targeting Cybercrime and the Dark Web, IRS Takes Aim at Bitcoin Users

Crimes like money laundering and tax evasion are nothing new. What is new are certain technologies, like virtual currency, that can enable criminal tax offenders. For […]
September 19, 2019

Did You Receive a Letter from the IRS About Filing Back Taxes or Amended Returns to Include Cryptocurrency Transactions?

Regular readers of our tax law blog know that our Bitcoin tax attorneys frequently write about tax issues surrounding virtual currencies. Most recently, we warned taxpayers […]
August 20, 2019
reporting bitcoin to the irs

Did You Hide Bitcoin from the IRS? Come Forward Now – Before it’s Too Late

If you’ve recently visited our tax blog, perhaps you read our article discussing the Internal Revenue Service’s plans to target 10,000 taxpayers who failed to report […]