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 […]
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 3, 2017
How Do I Report Bitcoin Transactions on my Taxes? 1040? Schedule D? Form 8949?

(RETRACTED) Is it Possible to do a 1031 exchange with Bitcoin, Ethereum, or other Electronic/Crypto Currencies?

RETRACTED: We have decided to retract and revise the position in our recent blog post. Click here to learn more.   Individuals who were quick to […]
January 2, 2017

Do Wealthy People Have Easier IRS Audits?

The power of the IRS is far-reaching and as technology opens new avenues for the wealthy and adventurous to explore, the IRS is not far behind. […]