A growing number of businesses and individuals are using Bitcoin or other virtual currencies. These transactions have tax consequences. This course covers different types of commonly used virtual currencies, how and why they are used, IRS guidance, and tax issues not yet addressed by the IRS. Upon completion of this course, you will be able to: • Identify virtual currencies, and how they are created, used and taxed • Understand the guidance from the IRS and open issues and how to deal with them