Until late 2019, the IRS had released very little guidance on the tax treatment of what it refers to as “virtual currency” except Notice 20141, which defined virtual currency as “property,” like ...

“Making payments with virtual currency has emboldened taxpayers to move money offshore, purchase illegal goods and services, and carry out other nefarious activities. Users may feel there is the ...

The IRS may have just taken some of the fun out of bitcoin. But that may mean that the virtual currency is growing up. The IRS announced last week that it would treat bitcoin, the computer-driven ...

On July 31, 2023, the Internal Revenue Service (IRS) released Revenue Ruling 2023-14, which addresses the US federal income tax treatment of cryptocurrency units (commonly referred to as coins or ...

The US Internal Revenue Service has moved to classify Bitcoin, and other virtual currencies, as property (not currency) for tax purposes. A change in designation would see owners become liable to ...

WASHINGTON (Reuters) - Wading into a murky tax question for the digital age, the U.S. Internal Revenue Service said on Tuesday that bitcoins and other virtual currencies are to be treated, for tax ...

As digital currency grows in use and acceptability, digital currency has entered into many traditional investment markets. Commercial real estate is no exception. The conversion of real estate assets ...

If you're a Bitcoin user and you haven't filed your taxes yet, get ready. The Internal Revenue Service released Notice 2014-21 Tuesday, which describes "how existing general tax principles apply to ...

The First Circuit recently held that a bitcoin investor did not have a reasonable expectation of privacy in his records held by a cryptocurrency exchange, rejecting his argument that cryptocurrency ...