<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div><span style="font-family: Arial; font-size: 13px;">Brent Allsop <brent.allsop@canonizer.com> wrote:</span><br></div><div style="color: rgb(0, 0, 0); font-size: 16.363636016845703px; font-family: 'times new roman', 'new york', times, serif; background-color: transparent; font-style: normal;"><br></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;"><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;"><div class="y_msg_container"><div id="yiv3604847805"><div><div class="yiv3604847805moz-cite-prefix">>Interesting!<br>
<br>>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. <br></div><div class="yiv3604847805moz-cite-prefix"><br></div><div class="yiv3604847805moz-cite-prefix">The Government Accountability Office.is saying that the IRS should consider bitcoins no different from, say, baseball cards. </div><div class="yiv3604847805moz-cite-prefix"><br></div><div class="yiv3604847805moz-cite-prefix">If you buy a baseball card for $50 and sell it to your neighbor for $100, should you report the gain on your tax return and pay the tax? Strictly speaking, you should. But if you don't, the IRS won't know about it. <span style="font-size: 12pt;">At least for now. </span></div><blockquote type="cite"><div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;"><div style="background-color:transparent;color:rgb(0, 0, 0);font-size:16.363636016845703px;font-family:'times new
roman', 'new york', times, serif;font-style:normal;">AUDITORS
AND IRS PAN TAX REGULATIONS FOR BITCOINS<br>
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<div style="font-family: 'times new roman', 'new york', times, serif; font-size: 16.363636016845703px; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><a rel="nofollow" target="_blank" href="http://www.nextgov.com/cybersecurity/2013/06/auditors-and-irs-pan-tax-regulations-bitcoin/65051/?oref=ng-HPriver">http://www.nextgov.com/cybersecurity/2013/06/auditors-and-irs-pan-tax-regulations-bitcoin/65051/?oref=ng-HPriver</a><span><br>
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