Cryptocurrency ‘Mining’ is how many of the coins, including Bitcoin, are generated. We discuss the basics in our “What is Bitcoin” article. It takes a powerful computer to mine,...
The SEC has been putting up many barriers to stop bitcoin trading. The whole idea of cryptocurrency has the ability to change how currencies are used, and trading is...
Taking a step back, there is an underlying technology behind Cryptocurrency known as “Blockchain”, but what exactly does that mean? Also, as a surprise to many, Cryptocurrencies aren’t just...
Here at Arizona Tax Advisors we have discussed what Bitcoin is, and the potential for tax implications in a few posts, but how do you actually make money on...
Our very own Business Manager at Arizona Tax Advisors, Suzy Greenwood, was recently asked to appear in a video for the Tempe Chamber of Commerce, on what business networking means....
As an investor in cryptocurrency, I have extensive knowledge of the various types of cryptocurrency, and what each one is designed to do, and as an accounting professional, I keep...
I had the privilege of touring The New Foundation (TNF) facility yesterday. They are a 24/7 residential campus working with emotionally and behaviorally challenged youth. They teach kids and...
Bitcoin trades must be reported on your tax return as capital gains, or you could be subject to fines and penalties of up to 5 years in prison and...
As expected, the IRS continues the battle to obtain records from Coinbase, the largest cryptocurrency exchange, in an attempt to check filed tax returns for proper capital gain tax...
Better late then never, as the IRS renewed 3 items that appear on many individuals tax returns for 2017. Tax returns prepared prior to the renewal will need to...