Bitcoin Forum

Hi community

my agency incorporate in delaware , but i m not a us citizen , my agency does not have a bank account but we have an EIN . I would like to know how to shore to IRS my income ,Profit etc.....

I charge all clients with bitcoin and i use my personal paypal to pay hosting,maintenance and other fees.

I sold items for 29 bitcoin from july 2017 to january 2018, 25 btc still stay in the wallet and we exchanged 4 bitcoin in USD to pay other fees.

Can someone here provide me some ideas please?

Nobody is going to give you better advice than a lawyer specializing in tax matters. Some of them may accept bitcoin. In my country they do.

This is the best advice you can hope for because you situation is unique and only a lawyer or a professional tax consultant licensed to practice can give you such right information but with someone who have knowledge of the kind of business you are operating as well as how crypto currency works. Based on this, the only thing I can think of is you paying a form of personal income tax and not company tax only if you register you company. All you will need is just to file the necessary papers but a stationed professional will serve you better.

I  do completely agree on the things being suggested above by two guys which the best thing to do is to seek out professional advices regarding into this matter. I do believe theres someone who can answer into this forum but i doubt he wont able to see this thread out. You would really need to consult some lawyer and do ask about taxation matters. Talking back into your business it isnt bad to use up bitcoin but you would really need lots of things to be considered first before you do decide to transition.

Thank you guys i open this thread because i know there are many lawyers on this forum.

Well, I also support the idea that it's better to ask a lawyer who specializes in tax matters for a professional piece of advice regarding this matter.