Cryptocurrencies, such as Bitcoin and Ethereum, have been on the rise recently, with more people investing in them and businesses accepting them as payment. With this rise in popularity, there has been a lack of clarity around how crypto should be taxed in the US due to regulatory confusion.A
How are Taxes Determined for Crypto?
Back in 2014, when the IRS first set out guidance on cryptocurrency taxation, less than 900 individuals reported crypto. Between 2013 and 2015, the market bitcoin was relatively small and wasn't reported on their taxes.Now however, the IRS is much more confident that people have not been
Bitcoin 101: Cryptocurrency And The Global Market
Here's a question on every financial advisor's mind: should cryptocurrency enter the global assets market? According to Larry Fink of Blackrock, bitcoin has caught all stakeholders' attention and, currently, there's a very high probability of cryptocurrency entering the global market. For those who
Bitcoin is not real yet
Update 3/25/14: The IRS has updated its rulebook to include a method for taxing "virtual currency." As we noted, this was the assumed course of action many thought the IRS would follow, and they have. What this means exactly is still speculation, but this Bloomberg article on taxing Bitcoin as