“Making payments with virtual currency has emboldened taxpayers to move money offshore, purchase illegal goods and services, and carry out other nefarious activities. Users may feel there is the ...

If you're one of the millions of Americans who own cryptocurrency, there's a key question to answer this tax season. Over the past couple of years, the IRS has stepped up crypto reporting with a ...

Cryptocurrency is a decentralized virtual currency. Unlike traditional currency, it exists independently of any government or financial institution. Additionally, it can be sent between users without ...

The Internal Revenue Service needs to crack down on virtual currency being used for illegal transactions, a new watchdog audit concludes. People may be using virtual currency—digital forms of payment ...

Convertible virtual currency is increasingly equated with the notion of real currency. Indeed, the increased acceptance of virtual currency as a payment method among retailers and consumers, the ...

Cryptocurrency is a decentralized virtual currency. Unlike traditional currency, it exists independently of any government or financial institution. Additionally, it can be sent between users without ...

Unlike traditional bank transfers, virtual currency transactions typically occur between two parties directly—potentially reducing fees and increasing privacy. However, holding crypto in foreign ...