Source: Shutterstock. Inevitably, whenever the issue of cryptocurrency taxes come up, hardnosed proponents will mock sound wisdom. They’ll cling to the blockchain …

1 Notice 2014-21 . SECTION 1. PURPOSE . This notice describes how existing general tax principles apply to transactions using virtual currency. The notice provides …

Mar 5, 2018 … Last month, Credit Karma said that of the more than 250,000 people who've already turned in their 2017 taxes via Credit Karma's filing service, fewer than 100 reported any cryptocurrency transactions. That's less than 0.04%. To be sure, one of the big reasons why many investors dabble in cryptocurrencies …

Mar 16, 2018 … whenever bitcoin is bought, sold, or traded, there are tax consequences. The Internal Revenue Service has ruled that bitcoin and other "convertible virtual currencies" are "treated as property," not treated as currency. This might sound like a minor distinction, but it's not. It determines how bitcoins are taxed, …

The U.S. Treasury could get a big windfall this tax season from an unlikely new …

1 day ago … Given the radically new nature and anonymous characteristics of cryptocurrencies, buyers and sellers of this new asset class may have believed they were exempt from one of life's certainties but, sadly, this is not the case. In fact, for U.S. cryptocurrency owners, there are several things to know about the tax …

Jan 29, 2018 … If you owned any Bitcoin (or any other popular cryptocurrency) in 2017 you probably made a bunch of money. Now, with tax season on the horizon, you may be wondering how all that digital currency will affect your taxes.

Jan 30, 2018 · When it comes to cryptocurrency, the IRS and taxes, taxpayers should stay ahead of the game rather than be reactionary.

Cryptocurrency Tax Contents People are staring Maybe you finally And yet their Riding high these days. but although cryptocurrencies are nothing new, 2017 saw more mainstream investors buying in — and cashing out. Now they could be staring down some major tax liabilities. But how tax laws apply to virtual currencies like bitcoin and ethereum … Investing

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I recently watched a great talk about cryptocurrencies and regulation and a senior compliance officer at Barclays highlighted four core areas that…

Curious as to whether taxes apply to purchases made with cryptocurrency? Coin Pursuit points out they do, and when they apply to your transactions.

Cryptocurrency has gone mostly unregulated, but Coinbase could be just the first of many IRS targets.

tax, and legislations are just some of them. In other words, it’s just in its infancy which can be compared to the early stages of the internet. for sure, there is risk …

Feb 21, 2017  · The IRS considers cryptocurrencies, including Bitcoin, to be “intangible property.” Investors and traders holding cryptocurrency as a capital asset …

2 days ago … As with any investment, individuals venturing into the cryptocurrency space must also learn about the tax repercussions of their investment decisions. Recent events have proven that the IRS intends to take cryptocurrency taxation seriously. In Feb. 2018, for example, the popular crypto exchange Coinbase …