Spencer Tax Law

Offices of David K. Spencer, P.C.

Services

Cryptocurrency

The Offices have been accepting Bitcoin since the first engagement letter was sent in early 2014, and expanded to accept other major cryptocurrencies more recently.   The advent of blockchain-driven currency exchange has raised a fascinating range of questions around domestic and international taxation and we have been front-and-center on those issues.  Of course, our office has meticulously recorded in our tax return every dollar of value received in cryptocurrency, just as we would were we paid in gold, Euros or live hens.

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