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Corporate Tax Return Prep

Corporate Tax Return Prep

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Virtual Currency

Cryptocurrencies and Taxes

March 21, 2018 by Alex Franch, BS EA

Taxes on Cryptocurrencies, Virtual Currency, BitCoins Cryptocurrencies or Virtual Currencies are not common to some businesses. However, in case you are a business that deals with virtual currency, you want to pay attention to this article. We will discuss: Valuation, transactions,  Character of Gain or Loss, Foreign Currency Transactions, Foreign Bank and Financial Account (FBAR) Reporting, Payment […]

Filed Under: business Tagged With: Acquiring Virtual Currency, Bitcoin, Character of the Gain or Loss, Employee Payments, Foreign Bank and Financial Account (FBAR) Reporting, Foreign Currency Transactions, Independent Contractor Payments, Payment for Goods & Services, Transactions, Valuation, Virtual Currency, Virtual Currency Mining

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  • Home
  • Corporations
  • S-Corps
  • Partnerships & LLCs
  • Business Planning
  • IRS Tax Problems?
  • Why Worthtax?
  • Our Tax Team
  • Tax Guide
  • Blog
  • Resources
  • Locations and Hours
  • Dedham Schedule an Online Appointment
  • Norwell Schedule an Online Appointment
  • Weymouth Schedule an Appointment

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