2013-06-18 Avoiding tax on Bitcoin? Think again, friend

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Topic: 2013-06-18 Avoiding tax on Bitcoin? Think again, friend (Read 1294 times)

cescan (OP)

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2013-06-18 Avoiding tax on Bitcoin? Think again, friend

June 20, 2013, 09:07:32 AM
Last edit: June 21, 2013, 03:33:08 AM by cescan

http://www.telecomstechnews.com/news/2013/jun/19/no-tax-bitcoin-think-again-friend/

Bitcoin has been getting plenty of coverage, ourselves included, but for those of you who don’t know, it’s essentially a decentralised virtual currency. Many people are under the illusion that because of this fact, it doesn’t accrue tax, but I’m sure the IRS would beg to differ.