United States of America: IRS Notice 2014-21 regarding tax treatment of virtual currencies
Progress
Current status
adopted
25 Mar 2014 adopted
Scope
Implementers
United States of America
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Adopted IRS Notice 2014-21 regarding tax treatment of virtual currencies
On 25 March 2014, the Internal Revenue Service (IRS) adopted Notice 2014-21 regarding tax treatment of virtual currencies. The Notice specified that virtual currencies could be qualified currencies that have legal tender status in certain jurisdicti…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central government