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I mean the mechanics of it. The IRS is likely right now formulating means for demanding a record of Bitcoin payments recieved. No doubt the IRS realizes that Bi
by michaelwww 13y ago
I mean the mechanics of it. The IRS is likely right now formulating means for demanding a record of Bitcoin payments recieved. No doubt the IRS realizes that Bitcoin is a new reality. They have no reason to want to stop it, but their mission is to make sure proper taxes are collected and no income remains hidden.
Edit: How to Pay Taxes on Your Bitcoin Investment
http://www.slate.com/blogs/moneybox/2014/01/27/bitcoin_taxation_irs_isn_t_sure.html http://www.slate.com/blogs/moneybox/2014/01/27/bitcoin_taxat...
- lhgaghl 13y agoI'm not sure what you mean. Are you avoiding it until guidance on how to use it in a tax compliant way is made? Or are you planning to not use it if IRS gets involved?