Crypto Currencies

Tax news for investors and users of cryptocurrency

Cryptocurrency, Digital Asset, Small Business Tax Tips, Tax Forms for Small Businesses / Douglas Freeman

If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may soon notice a new form reporting requirements for digital assets. Check the box. Beginning with tax year 2022, taxpayers must check a box on their tax returns indicating whether they received digital assets […]

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What businesses need to know about the tax treatment of bitcoin and other virtual currencies

Bitcoin, Federal Income Tax Filing, Income Tax, Individual Income Tax, Internal Revenue Service, Small Business / Douglas Freeman

Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual currency, also commonly referred to as digital, electronic or crypto currency. While most smaller businesses aren’t yet accepting bitcoin or other virtual currency payments from their customers, more and more larger businesses are. And the

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