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Chamber of Digital Commerce: More Action from FinCEN is Inevitable

The FinCEN action against XRP II LLC (Ripple) took many by surprise early last month, although many in the Bitcoin community were not shocked...

Eliminate Short-Term Capital Gains for Warp-Speed Bitcoin Adoption

This is a guest post from Digital Currency Council member Kirk Phillips.The burden of managing a tax calculation every time you buy something with...

Did the IRS Just Make Bitcoin a New Tax Loophole?

As most people have now heard, the IRS just granted itself the power to tax the gains realized when individuals sell or spend their...

Bitcoin Taxation: Understanding IRS Notice 2014-21

Written By: Christopher Rajotte, Andrew Ittleman, and Mitchell Fuerst, Fuerst Ittleman David & Joseph, PL, Miami, FloridaFrom the recent collapse of the major bitcoin...

IRS Changes Course and Declares Bitcoin a Currency

In a stunning reversal of intent, the IRS today issued a statement admitting they got it wrong.“After further review, and speaking to our consulting...

Positive News: Another Roundup

The Bitcoin price has undeniably been in a strong bear market these last two months. From an initial value of $800 at the end...

IRS Releases Bitcoin Guidance (And It Isn’t Good)

The IRS released a technical notice this week which definitively affirmed Bitcoin’s taxability in the United States and clarified how transactions involving Bitcoin and...

What To Do If You’ve Been Goxed

AUTHOR'S NOTE: It has been suggested to me that this article may be premature, given the developing nature of the Mt. Gox situation. However,...

What If I Don’t Report My Bitcoin Income?

What if you don’t report all of your Bitcoin gains on your US tax return? You must have at least considered it by now....

Bitcoin Regulatory Update- 01/29/14

Regulatory developments over the past two weeks are indicative of a widening gap in treatment of Bitcoin among developed nations. The various American regulatory...
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