31 Mar '14, 9am

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 into a reportable capital gain or loss at tax time: The IRS has...

The IRS has issued its first official guidance on how bitcoin and other digital currencies that are convertible into dollars or other real currencies on exchanges should be treated for tax purposes. The upshot is that, no matter what bitcoin’s creators and promoters may say, as far as the IRS is concerned, bitcoin is not money or currency. The IRS will treat bitcoin holdings much like corporate stock or other property (IRS Notice 2014-21 ). Bitcoin are created by a digital “mining” process and is not backed or regulated by any government, central bank, or other legal entity. Some claim this makes bitcoin safer than traditional currency because its value can’t be manipulated by central banks or governments. Bitcoin can also be directly transferred anonymously across the Internet. This can make the bitcoin a cheap way to settle international transactions because there are no...

Full article: http://www.inman.com/2014/03/31/irss-bitcoin-guidance-tur...

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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

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 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 ...

#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...

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...

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...

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...

Tax Day Advice From A Bitcoin Expert

Tax Day Advice From A Bitcoin Expert

techcrunch.com 02 Apr '14, 7pm

As we approach tax day, many bitcoin fans may be wondering how to handle all of their newfound wealth. Given the recent ru...

How to make #tax season less taxing #IRAS #income

cpf.gov.sg 07 Apr '14, 9am

Here are some pitfalls to avoid to ensure you claim the right reliefs and pay the right amount of tax. Remember that Iras ...

Time is money so I went and bought a Rolex

twitter.com 31 Mar '14, 1am

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

great post! New Post: Weight Loss–What You’re D...

runeatrepeat.com 02 Apr '14, 1pm

Great post! These past two years, as I’ve inched closer to 40 (only a couple months to go now…eeek!) I’ve found that the l...

#bitcoin

#bitcoin

coindesk.com 06 Apr '14, 1pm

Brian Klein is partner at the litigation boutique Baker Marquart LLP and chair of the Bitcoin Foundation’s legal advocacy ...

It’s Bath Time

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So now you’ve officially seen all of the master bedroom area of the house, bathroom and closet included. There’s still lot...

Number of electric vehicles doubling every year

Number of electric vehicles doubling every year

green.autoblog.com 02 Apr '14, 12am

Percentage-wise, 400,000 vehicles in the global fleet of cars is a small, small number. If 2011 estimates of a billion car...