by Andrews Tax Accounting & Bookkeeping | Jan 21, 2021 | Educational
Cryptocurrencies Can Involve Capital Gains and Income Taxes How does the Internal Revenue Service handle Bitcoin taxes? Like most questions for the IRS, the answer is, it depends. But with recent cryptocurrency prices soaring to new heights, you might like an answer...
by Andrews Tax Accounting & Bookkeeping | Jun 26, 2019 | Educational
A New Cryptocurrency Facebook recently announced its new cryptocurrency, Libra. What is the Aim of Libra? The currency aims to help those who do not have access to banks, as well as to be a payment option that can be used worldwide. What’s the Catch? To use Libra, you...
by Andrews Tax Accounting & Bookkeeping | Nov 28, 2018 | Educational, Tips
In 2016, New Hampshire tired to pass a bill to accept bitcoin as a tax payment but it was heavily denied at a rate of 264 to 74. In early 2018, Arizona tried to do the same thing but it was also shot down. Georgia is also trying to accept cryptocurrency for tax...
by Andrews Tax Accounting & Bookkeeping | Aug 1, 2018 | Educational
IRS vs. Coinbase Cryptocurrency has been around for a while. A few years ago, the IRS demanded the personal information of users of Coinbase, a digital currency exchange. Eventually, Coinbase had to hand over the information in a court ruling. Do you know why this...
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