Tax Treatment of Cryptocurrencies Getting Clearer, But Many Questions Remain

Though cryptocurrency has now been around for a decade, questions remain about how cryptocurrencies, such as Bitcoin, should be treated for tax purposes. Citrin Cooperman Partner Mark DiMichael spoke with the Foundation for Accounting Education at their Tax Planning for Individuals Conference on best practices and which areas need further IRS guidance. Read more on this from the New York State Society of Certified Public Accountants.