[ExI] Bitcoin

[Brent Allsop]

Interesting!

But this doesn't seem like much of an issue, since Bitcoins are like 
anything else you can purchase, such as a piece of artwork, that can 
appreciate in value, and so the IRS would expect them to be taxed and 
enforced, in the same way.  Certainly this article is about any special 
difference for Bitcoins, from that, if any?

Brent


On 6/18/2013 10:12 AM, Gordon wrote:
> The IRS has better things to do, so far anyway.
>
> "Federal auditors are recommending that the Internal Revenue Service 
> not issue regulations for taxpayers on filing returns for the money 
> earned through the exchange of virtual currencies, such as Bitcoins. 
> The tax agency has neither the money nor the time to craft compliance 
> rules for the emerging market, according to a new report from the 
> Government Accountability Office."
>
> AUDITORS AND IRS PAN TAX REGULATIONS FOR BITCOINS
> http://www.nextgov.com/cybersecurity/2013/06/auditors-and-irs-pan-tax-regulations-bitcoin/65051/?oref=ng-HPriver
>
>
>
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