Last Updated on November 16, 2023 by Paganoto
Notice 2014-21 – Internal Revenue Service
Notice 2014-21 – Internal Revenue Service
This notice addresses only the U.S. federal tax consequences of transactions in, or transactions that use, convertible virtual currency, and the term “virtual …
Frequently Asked Questions on Virtual Currency Transactions
Frequently Asked Questions on Virtual Currency Transactions
In 2014, the IRS issued Notice 2014-21, 2014-16 I.R.B. 938PDF, explaining that virtual currency is treated as property for Federal income tax purposes and …
Virtual Currencies – Internal Revenue Service
Virtual Currencies – Internal Revenue Service
The IRS issued IRS Notice 2014-21, IRB 2014-16, as guidance for individuals and businesses on the tax treatment of transactions using virtual currencies.
IRS releases first cryptocurrency guidance in five years
IRS releases first cryptocurrency guidance in five years
The IRS has not released significant guidance on virtual currency transactions in over five years. In March 2014, the IRS issued Notice 2014-21 (the Notice), …
Basic Tax Treatment of Cryptocurrency in IRS Notice 2014-21
Basic Tax Treatment of Cryptocurrency in IRS Notice 2014-21
If an investor buys cryptocurrency and holds it for investment, then it will produce capital gains. If an employee receives cryptocurrency as …
Attorney General James Reminds Crypto Investors to Pay …
Attorney General James Reminds Crypto Investors to Pay …
As set forth in IRS Notice 2014-21 and related DTF guidance, convertible virtual or cryptocurrency is treated as property rather than a currency …
Bitcoin Taxation: Understanding IRS Notice 2014-21
Bitcoin Taxation: Understanding IRS Notice 2014-21
The bottom line is that taxpayers should review Notice 2014-21 and use it to inform their decisions when reporting bitcoin transactions and …
The Taxation of Cryptocurrency – The CPA Journal
The Taxation of Cryptocurrency – The CPA Journal
Therefore, general tax principles that apply to property transactions must be applied to exchanges of cryptocurrencies as well. Notice 2014-21 …
Understanding the Tax Implications of Cryptocurrency
Understanding the Tax Implications of Cryptocurrency
The IRS issued Notice 2014-21 on March 25, 2014, which, for the first time, set forth the IRS position on the taxation of virtual currencies …
Cryptocurrency Taxation Regulations | Bloomberg Tax
Cryptocurrency Taxation Regulations | Bloomberg Tax
What is the IRS‘ guidance on the taxation of virtual currency? … In March 2014, the IRS published Notice 2014-21. As a threshold matter, the IRS …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.