Keeping Your Bitcoin and other Cryptocurrency Taxes Current

Most people are finally asking questions about virtual currency tax liabilities because of the profits made from the recent swelling of Bitcoin and Ethereuem market caps. The Federal Government knows that these markets are stabilizing at these historic highs, giving early investors ample opportunity to convert those extremely high returns to U.S. Dollars. As Fortune reported, Through an Investigation and federal summons and ugly lawsuits with the exchange Coinbase, the IRS found out that less 1,000 people were actually following through on their crypto-tax responsibilities.


Protected: Keeping CryptoCurrency Taxes Current

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Ether Euphoria fades as I am Cutoff by Coinbase! Drats!

What could be worse than your current speculative cryptocurrency investment suddenly seeing the micro-bubble pop out from underneath it? How about your wallet and exchange suddenly changing policies and forcing you to update your bank and identification information through a live webcam. That is apparently what has just happened to be as  Ethereum has fallen from the massive…

Is It The Right Time To Invest In Bitcoin?

Q:  Is it the right time to invest in Bitcoin?  A: 1.4 billion invested in 2016. Thinks investment will slow down this year. Will be worth millions each or nothing. But thinks it is here to stay. Commentary: Is buying anything at its peak ever the right time to buy? This is the test of…

Oh Shit! Did We Just #Warcrime?

While we can debate among ourselves the modern day refugee situation stemming from conflict in the Islamic world, we have a responsibility to objectively examine all aspects of every individual’s natural rights. Funny how our binary society 0 or 1, true or false, for or against, forces us into conflict, not only with the Islamic…

Bitcoin Price Gets Ready to Factor In Winklevoss ETF Approval

Speculation is growing about the consequences for Bitcoin if the Winklevoss twins’ Bitcoin ETF gets regulatory approval in March. After almost four years of waiting, the US Securities and Exchange Commission is nearing its “yes” or “no” deadline of March 11 – and the consequences of a positive decision could be huge. According to the…

Markets are getting primed for Bitcoin

Investors worldwide are hearing about Bitcoin on a regular basis these past few months. These days, it’s not uncommon for mainstream media, investment moguls, and organizations to shine a light on bitcoin’s excellent performance over 2016 and into the new year. With many individuals and companies discussing the cryptocurrency’s merits, investors worldwide are unknowingly getting an earful of Bitcoin.

Read Before Filing Your Tax Return

Taxation is theft, but sometimes we can rig the odds in our favor and come out ahead when it is time to file our person income taxes. Now before you start calling the IRS to report to get me audited, what I am talking about is perfectly legal, in fact, it is encouraged! So many…