Cryptocurrency
IRS Addresses Bitcoin Cash Fork, Four Years Later
At a glance: IRS announcement: In line with previous announcements, the IRS reiterated their position that taxpayers who received Bitcoin
Cryptocurrency
Are Virtual Currency Airdrops Really Taxable? IRS Clarifies New Tax & Reporting Requirements
The IRS released a memo on August 28, 2020, as part of an ongoing campaign to provide clarity on the
Cryptocurrency
IRS Aims to Expose Cryptocurrency-related Income with New Question on Form 1040
Earlier this month, the IRS released the first guidance in five years on the taxability for virtual currency transactions, including
Cryptocurrency
IRS Releases New Guidance on Taxability for Certain Virtual Currency Transactions
Pay close attention, cryptocurrency investors: on Oct. 9, 2019, the IRS issued Revenue Ruling 2019-24 and 43 Questions and Answers,
Cryptocurrency
What is a Blockchain Wallet?
Q: How do you carry your bitcoins? A: In a wallet, of course. A wallet on any blockchain platform can
Cryptocurrency
How Does Blockchain Work?
Blockchain technology is all about trust and transparency. In the current model of commerce, we place “assumed trust” in companies
Cryptocurrency
The Future of Cryptocurrency? Used in ‘Every Store,’ Says BitPay Cofounder
What’s the future of cryptocurrency? Ask Stephen Pair, and you won’t get a cryptic answer. “I can anticipate the day
Cryptocurrency
Cryptocurrency and Taxes: The Impact of Mining, Spending and Trading
When it comes to the challenges of cryptocurrency and taxes, ambiguity reigns. But companies should still plan ahead to avoid future problems.
Cryptocurrency
Do You Know the Tax Impact of Your U.S. or Non-U.S. Token Sale?
Initial coin offerings (ICOs) offer blockchain-based companies a whole new way to raise capital — but such companies need to be aware of tax issues.