Cryptocurrency and the IRS – What You Need to Know

Yes, your cryptocurrency can be taxed. What, you thought that somehow the Internal Revenue Service wouldn’t want a piece of it? Of course they do! The IRS have even fought Coinbase and won, meaning Coinbase is turning over transaction information on some of its users to the IRS.   No, seriously. And while you may…

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Cryptocurrency, Tax Preparation

What you need to know about cryptocurrency at tax time

Cryptocurrency is a relatively new and exciting field. Blockchain technology has opened up tons of new applications and fields from Smart Contracts to instant money transfers to mining cryptocurrencies. Advocates claim it will impact our daily lives in the near future, and there is no doubt it affects your tax situation right now. Congress and…

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