December 1, 2016

What Is Bitcoin Digital Currency and Why Does it Matter for Tax Purposes?

At its most basic level, Bitcoin is a relatively new technological means to transfer assets pseudo-anonymously over the Internet but some individuals uses bitcoins to commit […]
December 1, 2016

What Happens if the IRS Thinks I’m Using Bitcoin to Commit Tax Evasion?

In recent years, many people have become interested in emerging financial applications of cryptography and decentralized peer-to-peer networking. While the first digital currency to leverage these […]
November 30, 2016
3 Facts Taxpayers Should Understand About Bitcoin and FBAR Reporting Requirements

Can Bitcoin Trading Create an Obligation to Pay Capital Gains Taxes?

For a multitude of reasons, Bitcoin and similar digital cryptocurrencies have captured the attention of both technology evangelists and financial traders. To start, Bitcoin represents the […]