Surfing the web for information on how cryptocurrencies are taxed and regulated can lead to some mystifying and conflicting information. With the IRS and SEC starting to turn attention to the cryptocurrency industry, it is important to have accurate facts. According to IRS Notice 2014-21, for federal tax purposes, cryptocurrency is treated as property. Moreover, state regulatory agencies are also starting to look at cryptocurrency transactions. In any event, anyone looking to raise money through an ICO should be mindful of the SEC securities laws.

Source: Forbes January 29, 2018 17:15 UTC