December 8, 2017
Do I Need to Report Bitcoin and Other Cryptocurrency Taxable Activity to the IRS?

Do I Need to Report Bitcoin and Other Cryptocurrency Taxable Activity to the IRS?

In an increasingly digitized world, more and more of our financial transactions are carried out online, from small personal exchanges on PayPal and Venmo to multi-million-dollar […]
October 10, 2017
Emerging Regulations Create Tax Law Framework for Bitcoin and Other Cryptocurrencies

Emerging Regulations Create Tax Law Framework for Bitcoin and Other Cryptocurrencies

With cryptocurrencies and other blockchain currencies becoming more and more popular, the amount of money that goes into these currencies grows each day. This also means […]
September 2, 2017
Virtual Currency Update: Large FinCEN Civil Penalty Assessments and an Update Regarding IRS Coinbase Summons

Virtual Currency Update: Large FinCEN Civil Penalty Assessments and an Update Regarding IRS Coinbase Summons

$110m Civil Penalty Levied Against Russian Cryptocurrency Exchanger Last week, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced that they had assessed a civil penalty […]
September 1, 2017
Virtual Currency and Section 1031 – A Retraction and New Position

Virtual Currency and Section 1031 – A Retraction and New Position

We previously brought you a story suggesting that it may be possible to utilize Section 1031 of the Internal Revenue Code to defer the gain on […]
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 […]