Cryptocurrency Archives - Page 11 of 12 - Foodman CPAs and Advisors

What is a Virtual Currency Taxable event?

August 2018

What is a Virtual Currency Taxable event? was published by JD Supra on 8/22/18. There continues to be limited Virtual Currency (VC) guidance from the US Treasury and the IRS and VC investors ought to proceed cautiously. IRS continues to

JD Supra

¡Los inversionistas de Moneda Virtual tienen muchas Responsabilidades!

August 2018

¡Los inversionistas de Moneda Virtual tienen muchas Responsabilidades! was published by JD Supra on 8/7/18. Para propósitos de los Impuestos Federales de la Renta de los EE.UU, la Moneda Virtual (MV) se trata como “propiedad” (property). Como resultado, un inversionista

JD Supra

AICPA steps up to IRS to recommend that IRS provide Virtual Currency Clarity

July 2018

AICPA steps up to IRS to recommend that IRS provide Virtual Currency Clarity was published by JD Supra on 7/31/18. On 5/30/18, the American Institute of CPAs (AICPA) sent a letter (https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/20180530-aicpa-comment-letter-on-notice-2014-21-virtual-currency.pdf) to the IRS presenting the AICPA’s updated recommendation to

JD Supra

El IRS está pendiente al Cripto

July 2018

El IRS está pendiente al Cripto was published By JD Supra on 7/17/18. El Jefe de Investigación Criminal del IRS, Don Fort, declaró recientemente: “Es posible utilizar Bitcoin y otras Criptomonedas de la misma manera que las cuentas bancarias extranjeras

JD Supra

¿Quién monitorea los “wallets” de las Monedas Virtuales?

July 2018

¿Quién monitorea los “wallets” de las Monedas Virtuales? was published by JD Supra on 7/13/18. Los inversionistas de la Moneda Virtual (MV) utilizan los servicios de plataformas en línea “seguros” para comprar, vender, transferir y almacenar la MV. Los proveedores

JD Supra

Should Law Firms accept Virtual Currency? Only if they immediately convert to USD!

July 2018

Should Law Firms accept Virtual Currency? Only if they immediately convert to USD! was published by JD Supra on 7/10/18. Law Firms, like other businesses, want to be able to offer more services to more clients expanding; the scope of

JD Supra

Swapping Virtual Currencies will trigger tax obligations under the Tax Cuts and Jobs Act

July 2018

Swapping Virtual Currencies will trigger tax obligations under the Tax Cuts and Jobs Act was published by JD Supra on 7/5/18. There are investors that have an interest in “exchanging or swapping” Virtual Currency (VC). Prior to the passage of

JD Supra

Are You Confused with Virtual Currency?

June 2018

Are You Confused with Virtual Currency? was published by JD Supra on 6/26/18. The ins and outs of virtual currency (VC) continue to challenge those who received VC for services rendered, accepted it for goods sold, bought it for investment

JD Supra

If my Virtual Currency is walking around with me, is it reportable?

June 2018

If my Virtual Currency is walking around with me, is it reportable? – JD Supra 7/19/18. Virtual Currency (VC) storage comes in the form of a “wallet” with private digital keys. The “wallets” can be domiciled in VC exchanges that

JD Supra

Who will have the last word with Virtual Currency? IRS, FinCEN, SEC, OFAC or the CFTC?

May 2018

Who will have the last word with Virtual Currency? IRS, FinCEN, SEC, OFAC or the CFTC? was published by JD Supra on 5/15/18. Virtual Currency (VC) investors are currently investing without clarity regarding which Government Agency(s) has the final word

JD Supra

Everyone wins when accepting Virtual Currency as Payment…

May 2018

Everyone wins when accepting Virtual Currency as Payment… was published by JD Supra on 5/8/18. Accepting Virtual Currency (VC) as payment for goods and services is growing. States like Arizona and Georgia have introduced bills that would allow Taxpayers in

JD Supra

Who monitors digital currency wallets?

May 2018

Who monitors digital currency wallets? was published by JD Supra on 5/8/18. Investors in Virtual Currency (VC) utilize the services of on-line “secure” platforms for buying, selling, transferring, and storing VC. The providers of these services are known as web-wallets