Tag Archives: Bitcoins

Rapper 50 Cent Boasts and then Denies Having Bitcoin

Posted on March 5, 2018 by Camron Hoorfar

Rapper 50 Cent, in bankruptcy, initially boasted that he was the recipient of 700 bitcoins for one of his albums.  At the time, the ownership of the bitcoins would have made him a millionaire, but his bankruptcy estate would have … Continue reading →

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2014 Tax Tip #4 – Bitcoins

Posted on December 18, 2014 by Camron Hoorfar

The IRS has stated that virtual currency is treated as property for tax purposes and will be subject to general tax principles for property transactions.  For more tax help, contact our office at 816-524-4949.

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