The US Treasury Inspector General for Tax Administration (TIGTA) recently released a scathing report detailing an audit of the Internal Revenue Service (IRS) strategy for addressing income produced through virtual currencies.
“Bitcoin automated teller machines in shops, malls, and service stations and on college campuses are providing consumers with easy access to bitcoins,” states TIGTA. “These virtual currencies essentially allow taxpayers to pay for the goods and services they need in the same way as traditional currencies.”
http://bravenewcoin.com/news/irs-agrees-to-major-cryptocurrency-strategy-overhaul-following-audit/
