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Daily Archives: March 28, 2014

IRS Releases Notice on Tax Treatment of Bitcoin and Other Virtual Currencies

IRS News & Regulations

On March 25, 2014, the Internal Revenue Service issued Notice 2014-21, describing how existing tax principles apply to transactions using virtual currency, in the form of questions and answers.  The ruling is not surprising, but is informative in many respects.  This article addresses the tax implications of this Notice, and not the advantages and disadvantages…

March 28, 2014
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Topics
  • (1)Controlled Foreign Corporation
  • (27)FATCA
  • (26)FBAR
  • (1)Foreign Earned Income Exclusion
  • (2)Foreign Tax Credits
  • (27)International Business
  • (45)IRS News & Regulations
  • (2)Limited Liability Companies
  • (1)PFIC
  • (15)Shipping Taxation
  • (25)US citizenship
  • (7)US TAX SURPRISES AND REPORTING REQUIREMENTS SERIES
  • (44)US Taxation
  • (36)US Taxes for Non-Residents
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