Posts tagged IRS guidance
Virtually No Tax Guidance for Virtual Currency

Crypto, a.k.a. virtual, currency has been hailed as a very useful tool in the digital age.  While it attracts skepticism in its sustainability as it exists only in cyberspace, is not backed by any government or bank, and its value fluctuates often, the use of virtual currency, such as Bitcoin, has gained enough popularity and use to be recognized and taxed by the Internal Revenue Service.

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