I've read the tax compliance thread, but it takes the btc income viewpoint, my question is related to pre-taxes use of bitcoins on the viewpoint of the payer.
One possibility is that the company paying btc open a exchange account such as coinbase.com, buy btc there with pre-tax dollars and send the btc to the contractor's address. It would be similar to pay cash from the legal standpoint.
Topic: btc and US taxes (Read 504 times)
I don't know the answer but these links might help you:
https://en.bitcoin.it/wiki/Tax_compliance
there is a book that you can get on amazon
http://www.amazon.com/Lawyers-Take-Bitcoin-Taxes-ebook/dp/B006ZPB6LQ
or buy it with bitcoin from here
https://www.coindl.com/page/item/104
https://en.bitcoin.it/wiki/Tax_compliance
there is a book that you can get on amazon
http://www.amazon.com/Lawyers-Take-Bitcoin-Taxes-ebook/dp/B006ZPB6LQ
or buy it with bitcoin from here
https://www.coindl.com/page/item/104
I usually work as a contractor for a US based company and I live in Argentina. I signed off a W8EN so they do not withhold 30% and they usually pay by wire transfer.
I wonder if there is a way they can pay me in BTC, how would that look in their books? Is there an accountant that can give me some pointers to try to convince them?
I wonder if there is a way they can pay me in BTC, how would that look in their books? Is there an accountant that can give me some pointers to try to convince them?
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