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Topic: The IRS is positioning itself before the rise to the moon so they can get theirs (Read 693 times)

hero member
Activity: 667
Merit: 500
The IRS will get a % of your USD gain, they are not collecting BTC.

Incorrect, that is only for purchasing and selling Bitcoins themselves.

Mining and getting paid directly in BTC both have an income declaration component that's independent of taxing gains.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
The IRS will get a % of your USD gain, they are not collecting BTC.
hero member
Activity: 882
Merit: 1000
You sure could!  Grin

Anyone else got any theories? Something with a twist perhaps? Wink
hero member
Activity: 667
Merit: 500
You could just as easily argue the opposite, that the two items in the guidance document lock miners into income upfront on a basis that reflects the late '13 rally prices.
hero member
Activity: 882
Merit: 1000
Wild speculation here but

If the IRS knows that bitcoin is going to the moon then of course they want to get the mechanism in place so they can get theirs.

Inside knowledge about the winkledinks ETF?? Shocked
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