Cryptocurrency investors face hefty tax bills as IRS closes in

According to the IRS anything purchased using a digital currency is liable to be taxed as a capital gain The rollercoaster ride for some cryptocurrency investors could be about to take another tax-time lurch, according to experts, as the taxman looks for his share of transactions made using bitcoin and its like. Wild fluctuations in the value of digital currencies – bitcoin surged from less than one dollar in 2010 to $997 at the start of the 2017 to nearly $20,000 before settling back to a