Something wonderful has happened in crypto. One of the biggest issues with Bitcoin, and cryptocurrency in general, is usability. In other words, if I wanted to buy your car for Bitcoin, up until now, you would have to give me a long, random set of characters (called a...
In Revenue Ruling 2019-24 the IRS considered what are the tax consequences of crptocurrency forks and airdrops. Those of us who hold, or held, cryptocurrency during widely-followed forks, such as Bitcoin’s 2018 fork into Bitcoin and Bitcoin Cash, know the drill. The...
Evaluating the rules behind whether you, as a Bitcoin buyer or seller, are functioning as a money transmitter under state law can be baffling. Cryptocurrencies and money transmitter laws coexist in mostly uncharted waters here at the dawn of 2020. The following is a...
The world is your oyster, as they say, when it comes to choosing where to incorporate your business(es) for an ICO. That said, cryptocurrency regulation is new to many jurisdictions, who are looking for ways to define and manage what cryptocurrencies are. What makes...
Penalties Increase for Individuals and for Employers under Obamacare (Affordable Care Act) As promised, Obamacare taxes and penalties for not having health insurance are on the rise. The following is a summary of what to know: Individual Health Care Penalties The...
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