The Taxability of Cryptocurrency When Used in A Business
Avatar - Iryna Stepanchuk, CPA

Iryna Stepanchuk, CPA flipped this story into Tax and Accounting News for You and Your Business2085d

Now that the rush of tax season is in our rearview mirrors, and we’ve had an opportunity to see the morning sun after a good night’s rest, it is time to start considering how we are going to tackle those extended returns where our clients utilized cryptocurrency in their small businesses. More and more businesses are accepting cryptocurrency as a form of payment. Additionally, new businesses are forming around the world of cryptocurrency such as bitcoin kiosks businesses and cryptocurrency bill paying services.