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Finding yourself confused about the tax treatment of virtual currency? You’re not alone. The perplexing and often onerous tax rules have not been simplified (or clarified), even as the numbers of investors and available virtual currencies have exploded. The last time that the Internal Revenue Service (IRS) issued specific guidance on the tax treatment of virtual currency to taxpayers was on March 25, 2014, at a time when about $14,020,100 worth of Bitcoin was trading at around $585. As of this writing, volume share is approximately $4,631,500,000 trading at around $7,500 a pop. And that’s just bitcoin (BTC). It doesn’t include other virtual currencies like Ripple or Ethereum.




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