Tax Expert & Attorney Joe B. Garza Issues Advisory Warning for Those Using Bitcoins to Veil Assets From the IRS
Personal Finance, Picture Gallery Thursday, August 15th, 2013
DALLAS, TX — (Marketwired) — 08/15/13 — The once overlooked anonymous online currency, bitcoins, have been targeted by the federal government. Prominent emphasizes that using bitcoins to hide assets is against federal law and amounts to tax evasion, adding that there exists plenty of other legal, ulterior methods of protecting one-s assets and reducing tax liability.The first landmark instance of scrutiny surfaced from a Texas federal judge-s recent ruling. The case, which involved a Ponzi