Tax Management in the Virtual World

TAX MANAGEMENT IN THE VIRTUAL WORLD Recently we have seen how cryptocurrency investments can be very unpredictable. In November 2021, the cryptocurrency market peaked at about $3 trillion. Two months later, the cryptocurrency market plummeted over 40%, wiping out more than $1.2 trillion in a matter of months. This can be daunting to navigate, but just like any bear or bull cycle in the stock market, it can present opportunities to use … Read more

Tax Strategies for Crypto-Currency (Bitcoin) in Business and Investments

Crypto-currency, such as the Bitcoin, has been increasing in popularity. Crypto-currency may be used to pay for goods or services, or held for investment. This crypto-currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. In some environments, it operates like “real” currency, but it does not have legal tender status in any jurisdiction. For federal tax … Read more