Articles

September 2025- Q&A, Virtual Currency

Q&A with virtual currency Q1: What is virtual currency?A1. Virtual currency is a digital representation of value, other than a ...
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Foreign Bank and Financial Accounts

If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage ...
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Determining basis when you have been paid in virtual currency

Crypto Currency If you have been paid for services in virtual currency, this payment is generally recognized as ordinary income ...
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Education Tax Benefits

Education Tax Benefits If you pay tuition, fees, and other costs for attendance at an eligible educational institution for yourself, ...
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Identity Theft and Your Taxes

Identity Theft and Your Taxes Your identity and money can be stolen in a tax-related scam via email (“phishing”), fax, ...
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Books and files on a wooden shelf.

What records do I need to maintain regarding my transactions in virtual currency?

Record keeping is an important part of any investment transaction. With the rising popularity of cryptocurrencies, we have had many ...
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