[2014-08-26] LibraTax Looks To Solve Bitcoin Tax Accounting-Related Woes

[erono]

http://techcrunch.com/2014/08/24/libratax-2/

With new IRS guidance on taxing crypto-currency trading, it can be a bit complicated for Bitcoin enthusiasts to figure out how much capital gains and income tax they owe.

Losses and gains are subject to a capital gains tax, which means you have to remember Bitcoin’s valuation at the point you bought the currency and at the point you sold it. That leads to a complicated year-round exercise in bookkeeping.

[Chef Ramsay]

Yah, we all know who are going to be the newly fleeced when things start to pop off.