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Virtual Currency › Barter

Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender... more +
Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency.    less -
Pillsbury - Internet & Social Media Law Blog

Five Things to Know about New Jersey’s Taxation of Convertible Virtual Currency

Pillsbury - Internet & Social Media Law Blog on

On March 10, 2015, the New Jersey Division of Taxation issued Technical Advisory Memorandum TAM-2015-1, explaining its policy regarding convertible virtual currency. The IRS has held that convertible virtual currency (CVC),...more

Katten Muchin Rosenman LLP

NYS Department of Taxation and Finance Issues Tax Guidance on Virtual Currency Transactions

Katten Muchin Rosenman LLP on

On December 5, the New York State Department of Taxation and Finance (DTF) issued the memorandum “Tax Department Policy on Transactions Using Convertible Virtual Currency.” The memorandum clarified that under New York law,...more

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