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FBAR and FATCA Compliance in the Age of Digital Currencies.

Authors :
Prasad, Rajiv
Source :
Tax Adviser; May2014, Vol. 45 Issue 5, p323-326, 2p
Publication Year :
2014

Abstract

The article focuses on compliance with the Report of Foreign Bank and Financial Accounts (FBAR) and the U.S. Foreign Account Tax Compliance Act (FATCA). Topics include the taxation of digital currencies such as Bitcoin, the reporting of digital currency ownership, and the taxation of foreign Bitcoin businesses.

Subjects

Subjects :
FOREIGN bank account laws
TAXATION of foreign bank accounts
BITCOIN taxation
TAXATION of electronic money
TAXPAYER compliance
INTERNAL revenue law
UNITED States tax laws

Details

Language :
English
ISSN :
00399957
Volume :
45
Issue :
5
Database :
Complementary Index
Journal :
Tax Adviser
Publication Type :
Periodical
Accession number :
95903191

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