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Use internet tax resources to address the following questions. Look for reliable websites and blogs of the IRS and other government agencies, media outlets, businesses,

image text in transcribed Use internet tax resources to address the following questions. Look for reliable websites and blogs of the IRS and other government agencies, media outlets, businesses, tax professionals, academics, think tanks, and political outlets. Research Problem 3. How are transactions using bitcoin (or another virtual currency) treated under U.S. tax law? Locate the current IRS guidance on this question. Some background on bitcoin can be found at bitcoin.org/en/faq. In addition, locate the American Institute of CPAs comment letter on virtual currency (issued in May 2018). After reading these materials, provide a one-page written summary for your instructor

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