On March 25, 2014, the Internal Revenue Service (IRS) released Notice 2014-21 stating that virtual currency is treated as property. The IRS notice can be found at
Read moreAs we have written previously, IRS audits have significantly increased. Having an audit is not fun. It can consumes a lot of ones time and money if you hire a professional to represent you. We seen a lot of audits which in our opinion shouldn't have been triggered but because the tax return...
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