Bryan C. Skarlatos presented "IRS Bitcoin Enforcement Panel" at the 2017 May Meeting of the ABA Section of Taxation

This panel provided a look at the IRS treatment of virtual currencies and its recent attempt to begin collecting data about US Bitcoin users.

This panel covered: The basics of Bitcoin? What is it? How is it used? How is it taxed? IRS Guidance on Virtual Currencies including Bitcoin under Notice 2014-21. The Recent John Doe Summons issued by the IRS to Bitcoin Vendor Coinbase and the Future of Virtual Currency Reporting.