The question must be answered with a “yes” or “no” by all taxpayers filing Form 1040, Form 1040-SR or Form 1040-NR, even if they have not engaged in any transactions involving virtual currency during ...

Stanley Foodman of Foodman CPAs & Advisors.[/caption] Many taxpayers jumped into virtual currency investing during 2017. They might now be asking themselves: Will the IRS know if I made money with ...

The U.S. federal court in the Northern District of California is authorizing the Internal Revenue Service (IRS) to serve a so-called “John Doe” summons on San Francisco-based virtual currency exchange ...

WASHINGTON, March 25 (Reuters) - Wading into a murky tax question for the digital age, the U.S. Internal Revenue Service said on Tuesday that bitcoins and other virtual currencies are to be treated, ...

Virtual currencies aren’t currencies as far as taxes go, the US Internal Revenue Service (IRS) has decided. In response to the growing popularity of crypto-currencies, most notably Bitcoin, the IRS ...

WASHINGTON – Virtual currencies like bitcoin will be taxed in the United States like property – not currency, the Internal Revenue Service said Tuesday. The IRS says bitcoin is not legal tender. You ...

The IRS may have just taken some of the fun out of bitcoin. But that may mean that the virtual currency is growing up. The IRS announced last week that it would treat bitcoin, the computer-driven ...

If you're a Bitcoin user and you haven't filed your taxes yet, get ready. The Internal Revenue Service released Notice 2014-21 Tuesday, which describes "how existing general tax principles apply to ...

SmartAsset reports Washington leads in crypto adoption with 2.43% of taxpayers involved, while the South sees the lowest ...