DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

Virtual Currency...Every Bit Counts

Virtual Currency...Every Bit Counts

Virtual Currency...Every Bit Counts

In recent Internal Revenue Service Notice 2014-21, virtual currencies like Bitcoin have been classified as property. The IRS is aware of the growing popularity of this medium of exchange and that it is not considered legal tender by any government. The IRS notice hopes to clarify how you must treat your use of this new technology. The outcome for users is not good. Here is what you need to know;

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March 2014 Newsletter

March 2014 Newsletter
  • IRS Announces Annual Scams
  • New IRS2GO Mobile App Announced
  • Are You Doing Your Bit?
  • Understanding the Bitcoin phenomena
  • Missing the Flow-through Deadline
  • The penalty that does not fit the crime
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