Improving Bitcoin Tax Compliance
University of Illinois Law Review Online, Vol. 2019, pp. 70-76, 2019
7 Pages Posted: 14 Mar 2019 Last revised: 28 Apr 2019
Date Written: February 15, 2019
Bitcoin has captivated much attention and imagination since its emergence in 2009, but not enough when it comes to its tax implications. As a result, there are several areas in need of attention when it comes to the federal tax treatment of virtual currency. The right guidance in these areas would strengthen the legitimate use of virtual currency and maximize the chances for tax compliance.
Keywords: bitcoin, tax
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