One of the many crypto trends in 2021 is more companies being willing to accept crypto as payment for their products. Tesla became the latest major player to state it…
Some employers are paying their employees with virtual currency and many more are beginning to explore the possibility. The starting left tackle for the Carolina Panthers, Russell Okung, recently convinced…
The IRS is clear that the sale of virtual currency is a tax realization event. This means that a person selling virtual currency will recognize gain or loss on the…
The concept of basis is one of the most fundamental underpinnings of the United States tax system. Basis assigns a value to a taxpayer’s property or investment and is used…
In the coming weeks we plan to release a series of articles examining the positions the IRS has taken related to virtual currencies. While the IRS’ view is still evolving…