Tag Archives: Bitcoins
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
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.