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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2016-06-25] Accountants Ask IRS to Clarify Bitcoin Transactions' Tax Status
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shane (OP)
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June 25, 2016, 07:05:39 AM
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A bitcoin payment for a small purchase can have an investment gain or loss on that purchase under the IRS’s existing tax treatment. This is an onerous reporting requirement.

Annette Nellen, a professor at San Jose State University, who helped draft the institute’s request, said the AICPA wants to know the tax rules before they become audit issues.

https://www.cryptocoinsnews.com/irs-bitcoin-transactions-tax/
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June 25, 2016, 01:36:36 PM
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A sensible step. Ask the IRS to clarify before there are court cases and diverse rulings in different parts of the country.
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