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UF Law expert available to address IRS’ new guidance on bitcoin transactions

GAINESVILLE, Fla. – With bitcoin rising to prominence in the past year as a new digital exchange method, the IRS and taxpayers have wrestled with the question of how to tax and report bitcoin dealings. The official word was handed down from the IRS today in Notice 2014-14, which “describes how existing general tax principles […]

UF Law expert available to discuss bitcoin conundrum

Contact: Omri Marian, Assistant Professor of Law, University of Florida Levin College of Law 734-239-5936 or marian@law.ufl.edu GAINESVILLE, Fla. – In her annual report to Congress released yesterday, National Taxpayer Advocate Nina E. Olson identified the lack of guidance on the taxation of bitcoin as one of the “Most Serious Problems” facing the IRS. Use […]