Stevens and Sweet Financial

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IRS Says Bitcoin Taxable as Property, Not Currency

by Bill Sweet Today, the IRS released Notice 2014-21, which discusses some early guidance on the taxation of virtual currencies, inclu...

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Business Property

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by Bill Sweet Found a really cool flowchart I thought I'd pass on concerning business property from a CPA exam website ( here ). The ...

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Stevens & Sweet Inc. is an accounting & income tax preparation firm located in Tuxedo Park, New York.

In accordance with IRS Circular 230 Disclosure, and to ensure compliance with requirements imposed by the U.S. Internal Revenue Service, we inform you that any tax advice contained in this material was not intended or written to be used, and cannot be used by any taxpayer for the purpose of (1) avoiding tax-related penalties under the U.S. Internal Revenue Code, or (2) promoting, marketing, or recommending to another party any tax-related matters addressed herein. Data and discussion within this website is for informational purposes only, and is deemed reliable but is not guaranteed to be accurate.

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IRS Says Bitcoin Taxable as Property, Not Currency

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IRS Says Bitcoin Taxable as Property, Not Currency

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