Is the IRS ruling final? Where is the legal / technical analysis?

[LostDutchman]

The IRS ruling is not final, it will only get worse however. That's tyranny...

If you are correct, as you may well be, it becomes incumbent on users to find legal ways around the IRS policy.

My $.02.

[dwolfman]

The IRS ruling is not final, it will only get worse however. That's tyranny...

If you are correct, as you may well be, it becomes incumbent on users to find legal ways around the IRS policy.

My legal way to NOT pay tax for spending my Bitcoins (as a currency) is to NOT live in the USA 

Which works fine, so long as you also aren't a US citizen.

Unfortunately, US citizens pay taxes whether they are in the US or not, according to the "law". 

[LostDutchman]

The IRS ruling is not final, it will only get worse however. That's tyranny...

If you are correct, as you may well be, it becomes incumbent on users to find legal ways around the IRS policy.

My legal way to NOT pay tax for spending my Bitcoins (as a currency) is to NOT live in the USA 

Which works fine, so long as you also aren't a US citizen.

Unfortunately, US citizens pay taxes whether they are in the US or not, according to the "law". 

Your tax liability depends on what vehicle you use to set up your business.

[GoldSilverBitcoin]

Here is an article I found helpful. I am trying to follow this stuff as much as possible. Not very cut-and-dry...

http://www.coindesk.com/bitcoin-regulation-lessons-early-days-skype/

The bitcoin industry seems to be adamant that bitcoin is a currency and bitcoin companies are financial institutions. This was very much in evidence at Bitcoin2014, where all major actors were describing their progress to ‘regulatory compliance’. But is this necessary?

From the inception of Skype, we could have said that the firm is a telco (telecommunications company). We could have decided to apply for telecoms licences all around the world and customize the product to both match and support the vagaries of different rules and directives.

It would have been the logical thing to do and it is similar to the route many bitcoin actors are taking today. However, if Skype had done so, it would have been the worst strategic mistake it ever made.

[Harley997]

1. Is is final? i.e., when they ask for comments/questions does that mean they are seeking feedback on their initial view?

Nothing is every final. Congress could easily (in theory) pass a budget/law that would essentially change this ruling.

[LostDutchman]

1. Is is final? i.e., when they ask for comments/questions does that mean they are seeking feedback on their initial view?

Nothing is every final. Congress could easily (in theory) pass a budget/law that would essentially change this ruling.

And Congress is not going to do shit so it is up to every Bitcoiner to figure it out for him/herself.

There are ways.

[Harley997]

1. Is is final? i.e., when they ask for comments/questions does that mean they are seeking feedback on their initial view?

Nothing is every final. Congress could easily (in theory) pass a budget/law that would essentially change this ruling.

And Congress is not going to do shit so it is up to every Bitcoiner to figure it out for him/herself.

There are ways.

Congress has gotten some legislation passed. Granted it has not been much due to extreme polarization but bills have passed.

[LostDutchman]

1. Is is final? i.e., when they ask for comments/questions does that mean they are seeking feedback on their initial view?

Nothing is every final. Congress could easily (in theory) pass a budget/law that would essentially change this ruling.

And Congress is not going to do shit so it is up to every Bitcoiner to figure it out for him/herself.

There are ways.

Congress has gotten some legislation passed. Granted it has not been much due to extreme polarization but bills have passed.

You will end up needing me and guys like me but remember, I was here first.................

[Harley997]

1. Is is final? i.e., when they ask for comments/questions does that mean they are seeking feedback on their initial view?

Nothing is every final. Congress could easily (in theory) pass a budget/law that would essentially change this ruling.

And Congress is not going to do shit so it is up to every Bitcoiner to figure it out for him/herself.

There are ways.

Congress has gotten some legislation passed. Granted it has not been much due to extreme polarization but bills have passed.

You will end up needing me and guys like me but remember, I was here first.................

Can you get congress to pass a law to reverse the IRS ruling?