January 19, 2018
U.S. Treasury Department Partners with IRS to Enforce Stricter Bitcoin Regulations

U.S. Treasury Department Partners with IRS to Enforce Stricter Bitcoin Regulations

Throughout 2017, lawmakers and IRS agents worked to tighten existing regulations governing cryptocurrency transactions, notably large transactions made using the virtual currency Bitcoin, which has recently […]
January 16, 2018
Crypto-Currency – Hard Forks and What They Mean For Your Tax Bill

Crypto-Currency – Hard Forks and What They Mean For Your Tax Bill

Crypto-currency investment is a difficult subject matter to grasp. Even more difficult is understanding the tax implications behind it. If you have engaged in the mining […]
January 9, 2018
House Holds Hearing, Senate Introduces Bill to Regulate Bitcoin and Other Cryptocurrencies

House Holds Hearing, Senate Introduces Bill to Regulate Bitcoin and Other Cryptocurrencies

2017 was a transformative year for cryptocurrency – or at least, set the stage for 2018 to be. The year began on shaky footing for Bitcoin […]
December 29, 2017
Will I Be Audited by the IRS if I Use Coinbase to Buy, Sell, or Store Bitcoins?

Will I Be Audited by the IRS if I Use Coinbase to Buy, Sell, or Store Bitcoins?

The cryptocurrency or virtual currency “Bitcoin” has exploded in value since its debut, skyrocketing from fractions of a cent in 2010, when it was traded for […]
December 26, 2017
Can the IRS Track Bitcoin, and What Should I Do if I Failed to Report My Bitcoin Income or Capital Gains?

Can the IRS Track Bitcoin, and What Should I Do if I Failed to Report My Bitcoin Income or Capital Gains?

From inception, Bitcoin has been synonymous with privacy and anonymity due to the fact that users do not need to provide personal identifying information in order […]
December 23, 2017
Former Law Partner to Be Sentenced for Tax Evasion and Wire Fraud Crimes After Pleading Guilty

Former Law Partner to Be Sentenced for Tax Evasion and Wire Fraud Crimes After Pleading Guilty

Former law partner Keila Ravelo, 52, of Englewood Cliffs, New Jersey, is facing maximum prison terms of five years and 20 years, respectively, for tax evasion […]