27 Feb '17, 11am

4 Apps Helping Bitcoiners With Tax Compliance

4 Apps Helping Bitcoiners With Tax Compliance

The U.S. is already well into tax season, and many bitcoin users will have capital gains to declare this year. To help them remain tax compliant, there are numerous software programs to help keep track of digital currency cost basis and profits over the course of one’s mining, buying, trading or earning bitcoins. Related: IRS Asks to Postpone Hearing with Coinbase Bitcoiners often debate on online forums whether or not Bitcoin should be taxed, and former presidential-candidate Rand Paul has even suggested a laissez-faire approach to Bitcoin regulation. Bitcoin tax law, however, remains vague today. After the Internal Revenue Service (IRS) released their March 2014 guidance on Bitcoin tax responsibilities, San Jose State University professor Annette Nellen helped the American Institute of CPAs draft a request for further guidance on bitcoin tax law. The IRS never responded;...

Full article: https://news.bitcoin.com/4-apps-helping-bitcoiners-with-t...

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