IRS Modifies Approach to Bitcoin Scrutiny

  For the last several years, Bitcoin has been world’s hottest digital currency. Initially disregarded by many, the market value of one single Bitcoin has skyrocketed from an initial value of $13 in 2013 to a current market value of thousands of dollars per coin in August 2017. This has potentially left many people who  … Read more

The Bitcoin Dilemma for Tax Reporting

If you have followed financial news over the past decade, then you have probably heard of Bitcoin. Introduced to the world in 2009, Bitcoin is an open-source, entirely digital currency. Since its inception, Bitcoin has been categorized by speculation, wild value swings, and the abrupt shuttering of a major currency exchange. More recently, Bitcoin values  … Read more