31 Mar '14, 1am

#bitcoin

Earlier this week, the IRS decided that Bitcoin is property, not currency , setting in place a regulatory structure that could see users of the cryptocurrency forced to keep price score in a rapidly shifting market. Bitcoin had a rough time of it last week, as GigaOm reported , losing around 17% of its value. Part of that was tied to a rumor regarding Bitcoin in China, and part, I think due to the IRS’s decision. Prices have continued to slip through the weekend . Here’s a one month chart of Bitcoin , tracing four major exchanges: What gives? If you are forced to treat Bitcoin as a property, you must take capital gains into account whenever you make a purchase (transaction) with the stuff. I can’t improve on Bloomberg’s take on the situation: Purchasing a $2 cup of coffee with Bitcoins bought for $1 would trigger $1 in capital gains for the coffee drinker and $2 of gross i...

Full article: http://techcrunch.com/2014/03/30/bitcoin-slips-in-the-wak...

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Bitcoin Slips In The Wake Of The IRS’s Tax Deci...

techcrunch.com 31 Mar '14, 1am

Earlier this week, the IRS decided that Bitcoin is property, not currency , setting in place a regulatory structure that c...

Bitcoin Has Been Getting Creamed

Bitcoin Has Been Getting Creamed

businessinsider.com 31 Mar '14, 10am

Just a few days ago it was near $600. The latest blow was last week's IRS ruling, which some people believe will make reco...

IRS’s bitcoin guidance turns every transaction into a reportable capital gain or loss at tax time: The IRS has...

IRS’s bitcoin guidance turns every transaction ...

inman.com 31 Mar '14, 9am

The IRS has issued its first official guidance on how bitcoin and other digital currencies that are convertible into dolla...

#Bitcoin

twitter.com 05 Apr '14, 6am

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

What the IRS Bitcoin Tax Guidelines Mean For Yo...

techmeme.com 30 Mar '14, 6pm

What the IRS Bitcoin Tax Guidelines Mean For You — The US Internal Revenue Service finally announced its guidance for virt...

Bitcoin is legally property, says US IRS. Does ...

theguardian.com 31 Mar '14, 11am

The news that bitcoin is to be treated as property by the IRS has sparked fear among fans of the cryptocurrency. But many ...

Bitcoin is legally property, says US IRS. Does ...

theguardian.com 31 Mar '14, 12pm

The news that bitcoin is to be treated as property by the IRS has sparked fear among fans of the cryptocurrency. But many ...

Most alt-coins are NOT secure enough, they exis...

reddit.com 05 Apr '14, 10pm

First off, I'm mostly playing devil's advocate. Secondly, I like these types of puzzles [I consider this a puzzle as it's ...

Bitcoin Keeps Getting Smashed

Bitcoin Keeps Getting Smashed

businessinsider.com 03 Apr '14, 3am

Alternative Dispute Resolution Alternative Medicine Animation Apparel & Fashion Architecture & Planning Arts and Crafts Au...

Everything you need to know about Bitcoin

vox.com 07 Apr '14, 12am

Bitcoin is a new kind of global payment network. Like MasterCard or Paypal, it allows money to be transmitted electronical...

IRS Bitcoin Ruling May Have a Bright Side

IRS Bitcoin Ruling May Have a Bright Side

coindesk.com 31 Mar '14, 12pm

Last week’s guidance from the IRS on tax treatment for bitcoin transactions may have temporarily impeded one avenue in a s...

#bitcoin

bitcoinmagazine.com 07 Apr '14, 2pm

As most people have now heard, the IRS just granted itself the power to tax the gains realized when individuals sell or sp...

Mobile Payments Giant Square Introduces ‘Pay with Bitcoin’ Option on Square Market

Mobile Payments Giant Square Introduces ‘Pay wi...

coindesk.com 31 Mar '14, 9pm

San Francisco-based mobile point-of-sale (mPOS) solution provider Square has announced that merchants will now be able to ...

New IRS rules make using Bitcoins a fiasco via @CNNMoney

New IRS rules make using Bitcoins a fiasco via ...

money.cnn.com 31 Mar '14, 11am

The IRS now forces you to keep a strict record of every Bitcoin purchase made all year long -- a complicated bookkeeping g...

Square now lets sellers accept Bitcoin on their...

thenextweb.com 31 Mar '14, 7pm

Square today announced it has added support for paying with Bitcoin. As a result, buyers can now use the digital currency ...