Tag Archives: cryptocurrency

You cannot scroll through the news or social media today without reading about cryptocurrency, which in early 2021 reached a market capitalization of more than $2 trillion. Despite this trading volume and widespread news coverage, cryptocurrency continues to be a volatile investment and a target of IRS tax compliance. Here’s a crash course in everything […]

Investors who can stomach the wild swings of cryptocurrency’s rapid fluctuations should be forewarned: the IRS is fortifying its efforts to regulate crypto assets and enforce investor’s tax reporting and payment obligations. How investors proceed is critical. In 2014, the IRS released initial guidance on cryptocurrency, defining it as property subject to federal taxes on […]

In this episode the relatable finance guys explain crypto storage and safety and why it can be helpful in a portfolio.     Source: https://www.barrons.com/articles/bitcoin-could-be-worth-146-000-heres-how-51609865770   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of […]