Muchos Buscan la guía del IRS para la Moneda Virtual

September 2018

Debido al nivel sin precedentes de apreciación del valor, los inversionistas de Bitcoin, consumidores y empresas  están buscando la orientación del IRS. El IRS reconoce que la “moneda virtual” se puede usar para pagar bienes o servicios, o se puede

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The “J5” is on to Cryptocurrencies

August 2018

The Organisation for Economic Co-operation and Development (OECD) issued a “call to action” for countries to do more to tackle enablers of tax crimes. The result of this “call to action” was the establishment of an operational alliance known as

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What is a Virtual Currency Taxable event?

August 2018

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 make reference to Notice 2014-21 to remind Taxpayers that VC currency is treated as

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¡Los inversionistas de Moneda Virtual tienen muchas Responsabilidades!

August 2018

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 de MV debe vigilar muy de cerca las posibles ganancias netas de capital a corto

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

July 2018

On 5/30/18, the American Institute of CPAs (AICPA) sent a letter  https://www.jdsupra.com/legalnews/aicpa-steps-up-to-irs-to-recommend-that-20413/

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El IRS está pendiente al Cripto

July 2018

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 para facilitar la evasión de impuestos”.   https://www.jdsupra.com/legalnews/el-irs-esta-pendiente-al-cripto-98046/  

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

July 2018

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 de estos servicios se conocen como “wallets, billeteras o monederos web u on-line” y también

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

July 2018

Law Firms, like other businesses, want to be able to offer more services to more clients expanding; the scope of their reach.  This might entail entering the world of Virtual Currency (VC) and accepting payments such as Bitcoin.  The use

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

July 2018

There are investors that have an interest in “exchanging or swapping” Virtual Currency (VC).  Prior to the passage of the Tax Cut and Jobs Act (TCJA), VC investors could take the position that if they “exchanged or swapped” one VC

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Are You Confused with Virtual Currency?

June 2018

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 less than a year ago, bought it for investment more than a year

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

June 2018

Virtual Currency (VC) storage comes in the form of a “wallet” with private digital keys. The “wallets” can be domiciled in VC exchanges that operate in the US or foreign jurisdictions.  VC exchanges domiciled in foreign jurisdictions that operate similarly

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

May 2018

Virtual Currency (VC) investors are currently investing without clarity regarding which Government Agency(s) has the final word with respect to the treatment of VC.   US Agencies: IRS, FinCEN, SEC and CFTC – have expressed differing views about VC.  Different interpretations from the main US Regulating Agencies

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