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 […]
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. […]