Thursday, March 7, 2019
Jason Clark & Margaret Ryznar (Indiana-Indianapolis), Bitcoin: The New Swiss Banks, 2019 U. Ill. L. Rev. Online ___ :
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.