IRS Virtual Currency Amnesty? Not so Fast!

March 22, 2018

  • Daily Business Review

The IRS is on to Crypto

February 2018

The IRS Chief of Criminal Investigation, Don Fort, recently stated: “It’s possible to use Bitcoin and other cryptocurrencies in the same fashion as foreign bank accounts to facilitate tax evasion.” The IRS Criminal Investigation Unite (IRS-CI) has ahttps://www.jdsupra.com/legalnews/the-irs-is-on-to-crypto-74544/  

  • JD Supra

Bitcoins and the IRS: Reporting and Storing

December 2018

Possession of virtual currency, also known as cryptocurrency, is legal in the U.S. as well as many other parts of the world. The most well-known form of virtual currency is Bitcoin. There are other virtual currencies that function in the

  • JD Supra

Many are now looking for IRS Guidance on Virtual Currency

December 2018

Due to its unprecedented level of value appreciation, Bitcoin investors, consumers and businesses are looking for IRS Guidance.  IRS recognizes that “virtual currency” may be used to pay for goods or services, or be held for investment; and that its

  • JD Supra