Accounting and Finance News Stories
Virtual Currencies Still Dogged by Tax Issues, CPAs Say
Bloomberg BNA
Bitcoin and other virtual currencies still pose tax problems for those attempting to stay in compliance and more IRS guidance is needed, a group of accounting professionals said. In a June 10 letter to the Internal Revenue Service, an American Institute of CPAs technical advisory panel said clarifications are needed, in particular on the exchange rates taxpayers should use to determine the fair market value of virtual currency in U.S. dollars.
Virtual Currencies Still Dogged by Tax Issues, CPAs Say
Bloomberg BNA
Bitcoin and other virtual currencies still pose tax problems for those attempting to stay in compliance and more IRS guidance is needed, a group of accounting professionals said. In a June 10 letter to the Internal Revenue Service, an American Institute of CPAs technical advisory panel said clarifications are needed, in particular on the exchange rates taxpayers should use to determine the fair market value of virtual currency in U.S. dollars.
Virtual Currencies Still Dogged by Tax Issues, CPAs Say
Bloomberg BNA
Bitcoin and other virtual currencies still pose tax problems for those attempting to stay in compliance and more IRS guidance is needed, a group of accounting professionals said. In a June 10 letter to the Internal Revenue Service, an American Institute of CPAs technical advisory panel said clarifications are needed, in particular on the exchange rates taxpayers should use to determine the fair market value of virtual currency in U.S. dollars.
Virtual Currencies Still Dogged by Tax Issues, CPAs Say
Bloomberg BNA
Bitcoin and other virtual currencies still pose tax problems for those attempting to stay in compliance and more IRS guidance is needed, a group of accounting professionals said. In a June 10 letter to the Internal Revenue Service, an American Institute of CPAs technical advisory panel said clarifications are needed, in particular on the exchange rates taxpayers should use to determine the fair market value of virtual currency in U.S. dollars.