Bitcoin Forum
March 13, 2026, 02:02:13 AM *
News: Latest Bitcoin Core release: 30.2 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Economics / Bitcoins and Taxes on: January 16, 2014, 09:54:01 PM
Since the IRS has yet to provide any real guidance in dealing with virtual currencies (see http://www.irs.gov/pub/irs-pdf/p2104c.pdf where they recommend to Congress that they should provide guidance, LOL), how should mining income be treated for tax purposes?  My tax accountant isn't really sure at this point (I haven't found anyone who truly is).

As far as payments received or sent for a service or good, I think the exchange rate at the time of the transaction makes the most sense.  However, when it comes payments received from mining pools, should each payout be treated the same (use the exchange rate at that time)?  Or should it only matter when the currency is exchanged for a service, a good, USD, etc. (basically not value it until it is used for something other than crypto currency trading)?

This is probably a bucket of worms, but I wanted to see what others though.  Thanks.
2  Economy / Service Discussion / Is StuffCoins.com a scam? on: January 11, 2014, 11:21:15 PM
So, I came across StuffCoins.com and it seemed like a neat idea.  Basically another eBay-style site that you can use Bitcoin or Dogecoin.  Earlier this week, I created an account and added some BTC so I could bid on an item.  I ended up getting outbit.  Now I can't seem to get my BTC back.

I've sent an email through their contact form and have heard nothing back.  Their Bitcoin page just says its now under maintenance (the page where you can add/withdraw BTC). 

Has anyone else dealt with @stuffcoins?  Is it actually a scam?
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!