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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

  • JD Supra
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Virtual Currency Investors have a lot of responsibilities!

April 2018

Virtual Currency Investors have a lot of responsibilities! published by JD Supra 4/13/18. For U.S. Federal Income Tax purposes, Virtual Currency (VC) is treated as property.  As a result, a VC investor ought to keep a very close watch on

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IRS Virtual Currency Amnesty? Not so Fast!

March 22, 2018

IRS Virtual Currency Amnesty? Not so Fast! – DBR 3/22/18.

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The IRS is on to Crypto

February 2018

The IRS is on to Crypto – JD Supra. 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

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Bitcoins and the IRS: Reporting and Storing

December 2018

Bitcoins and the IRS: Reporting and Storing – JD Supra. 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

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Many are now looking for IRS Guidance on Virtual Currency

December 2018

Many are now looking for IRS Guidance on Virtual Currency – JD Supra. 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

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