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Title: btc and US taxes Post by: vqp on February 17, 2013, 02:25:30 PM I usually work as a contractor for a US based company and I live in Argentina. I signed off a W8EN so they do not withhold 30% and they usually pay by wire transfer.
I wonder if there is a way they can pay me in BTC, how would that look in their books? Is there an accountant that can give me some pointers to try to convince them? Title: Re: btc and US taxes Post by: bits4coins on February 17, 2013, 02:46:19 PM I don't know the answer but these links might help you:
https://en.bitcoin.it/wiki/Tax_compliance (https://en.bitcoin.it/wiki/Tax_compliance) there is a book that you can get on amazon http://www.amazon.com/Lawyers-Take-Bitcoin-Taxes-ebook/dp/B006ZPB6LQ (http://www.amazon.com/Lawyers-Take-Bitcoin-Taxes-ebook/dp/B006ZPB6LQ) or buy it with bitcoin from here https://www.coindl.com/page/item/104 (https://www.coindl.com/page/item/104) Title: Re: btc and US taxes Post by: vqp on February 17, 2013, 03:12:13 PM I've read the tax compliance thread, but it takes the btc income viewpoint, my question is related to pre-taxes use of bitcoins on the viewpoint of the payer.
One possibility is that the company paying btc open a exchange account such as coinbase.com, buy btc there with pre-tax dollars and send the btc to the contractor's address. It would be similar to pay cash from the legal standpoint. |