A sensible step. Ask the IRS to clarify before there are court cases and diverse rulings in different parts of the country.
Topic: [2016-06-25] Accountants Ask IRS to Clarify Bitcoin Transactions' Tax Status (Read 370 times)
June 25, 2016, 08:36:36 AM
June 25, 2016, 02:05:39 AM
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/
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/
Jump to: