Planning To Do An ICO? Don’t Forget About Taxes There’s a lot to learn if you’re a blockchain entrepreneur or have a startup and are thinking about using an Initial Coin…
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Tyson Cross has published the following article on Forbes: "Yes, The Bitcoin Hard Fork Really Is Taxable Income. Here's What You Need To Know." Yes, The Bitcoin Hard Fork Really...
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It’s hard to believe, but the end of 2017 is just around the corner and it’s time to start making arrangements for the 2018 tax season. We accept new clients…
Bitcoin Tax Tips For many members of the bitcoin community, this year was the worst ever for doing their taxes. I've heard countless stories of people spending hours upon hours...
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IRS Notice 2014-21 The IRS has finally broken its silence regarding the taxation of bitcoins and other digital currencies. Unfortunately, not must changes by the issuance of Notice 2014-21, other...
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Bitcoin FBAR & FACTA Requirements There are two separate reporting requirements under federal law for foreign financial accounts, each created by a different statute. These are the “Bank Secrecy Act”...
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It depends. Generally, you inherit the basis of anything given to you as a gift. This means you would take the same basis as the friend who gave you the…
The US income tax system relies upon voluntary compliance, meaning that you are expected to voluntarily report your income. This inevitably leads to the temptation to inaccurately report your income…