virtual currency

IRS Targets Businesses Using Virtual Currencies

IRS Targets Businesses Using Virtual Currencies

Virtual currencies, like Bitcoin, are gaining popularity. However, many individuals, investors, and businesses are unclear about how they actually work and if there is reporting they must do on their federal tax returns. To clear up any misinterpretation, the IRS recently announced that it is targeting virtual currency users in

Sonya Foster2021-04-12T14:55:08-06:00August 27th, 2019|

Businesses and the Tax Consequences of Accepting Bitcoin

Businesses and the Tax Consequences of Accepting Bitcoin

Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual currency, also commonly referred to as digital, electronic or crypto currency. While most smaller businesses aren’t yet accepting bitcoin or other virtual currency payments from their customers, more and more

Sonya Foster2021-04-12T14:56:22-06:00July 17th, 2018|