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Would they/why would they, these are the questions I'm asking because I'm uncertain how these things even work. With currencies backed by nations I can see the

Would they/why would they, these are the questions I'm asking because I'm uncertain how these things even work. With currencies backed by nations I can see the IRS not caring, but Bitcoin isn't just "any other currency." It's a currency not made up or backed by any nation. In a way it's money out of thin air. That's what worries me.

286c8cb04bda 14y ago
The IRS doesn't care where your income comes from. They care that it is (1) reported, and (2) correctly valued. They have, for example, rules for reporting bartered income[1]. Barter is certainly not "any other currency" either. [1]: http://www.irs.gov/businesses/small/article/0,,id=187904,00.html http://www.irs.gov/businesses/small/article/0,,id=187904,00....