• US citizens to report BitCoin accounts over $10.000 to the IRS - a law proposal

    Bitcoin and FBAR - IRS Medic

    irsmedic.com 28 Mar '13, 2pm

    The FBAR form was, in fact, born out of the 1970 Bank Secrecy Act. Its purpose — to help the Treasury Department (not specifically the IRS) to detect and cut down on financial crimes by making it an obligation for people who are hiding money to tell the Treasury department where they ...