Summary: Local Tax Firm, Stop My IRS Bill, announced today it is now focused on the growing targets of IRS audits dealing with bitcoin and other cryptocurrencies. San Diego, CA, United States - Tax professionals from the tax firm, Stop My IRS Bill, based in...
With cryptocurrency being dubbed the future medium of exchange, the government immediately looked into how this digital asset could be of service to the economy. While it was created in 2009, the concept is still quite confusing—there are still so many aspects of the digital currency that is...
Do cryptocurrencies make it easier to commit a crime? Many illegal concerns have been raised following the rise of Bitcoin and other cryptocurrencies as a whole. Even if Bitcoin and the concept of cryptocurrency are already a decade old, a lot of people are still not acquainted with...
Most Americans no longer carry a wad of cash. Maybe one could hold on to some coins for the vending machine or some smaller dollar bills for the newspaper—or do people still buy newspaper? But the point is, almost all transactions are done through a credit...
The Internal Revenue Services (IRS) for the past couple of years has been cracking down on individuals or groups, who have been running away from paying cryptocurrency taxes. Cryptocurrency is defined simply as a virtual asset that is used as a medium of exchange. The IRS knows that these...