IRS

IRS

US Congressman to Submit Bitcoin Tax Bill

US Congressman Steve Stockman of Texas is preparing to introduce a new bill recognizing digital currencies as legal tender.

Policy & regulation  ·  8 April 2014
IRS

The US Tax Man Speaks For The First, But Not Last Time

Baker Marquart LLP lawyer Brian Klein gives his take on the IRS's latest tax ruling on digital currencies.

Policy & regulation  ·  6 April 2014
IRS

Tax to the Future, Tip-top Tiny Top-ups, and a Free Gift for Bitcoiners

This week John Law gives the taxman some ideas, makes micropayments, and gives you bitcoin without the hassle, almost.

Markets  ·  6 April 2014
IRS

Libra Promises Bitcoin Tax Service to Ease Compliance With IRS Guidance

Libra will soon have a solution that simplifies reporting bitcoin capital gains on your tax reports.

Markets  ·  3 April 2014
IRS

Bitcoin User Files White House Petition to Amend Latest IRS Notice

A petition has been filed regarding Notice 2014-2, which controversially rules that bitcoin should be taxed as property.

Policy & regulation  ·  1 April 2014
IRS

Ross Ulbricht’s Attorney Cites IRS Guidance in Motion to Dismiss Charges

An attorney defending alleged Silk Road mastermind Ross Ulbricht has moved to dismiss certain charges, citing new IRS guidance.

Policy & regulation  ·  1 April 2014
IRS

Federal Bank VP: Bitcoin Threat Means Banks Must ‘Adapt or Die’

The Federal Reserve Bank of St. Louis can compete with bitcoin as currency, but not payments, said David Andolfatto.

Policy & regulation  ·  1 April 2014
IRS

Are the IRS Capital Asset Rules Realistic for Small Transactions?

The IRS really does want you to declare capital gains tax when you buy things with bitcoin.

Policy & regulation  ·  1 April 2014
IRS

How Israel Can, and Should, Become Ground Zero for Bitcoin

The IRS has opened the door for Israel to become the epicentre of digital currency innovation, argues Michael Eisenberg.

Policy & regulation  ·  31 March 2014
IRS

IRS Bitcoin Ruling May Have a Bright Side

Last week's IRS bitcoin guidance has reaffirmed bitcoin’s status as “digital gold”, argues Jon Matonis.

Policy & regulation  ·  31 March 2014
IRS

What the IRS Bitcoin Tax Guidelines Mean For You

The IRS finally released guidance on how it plans to tax bitcoin. Here's what it means.

Markets  ·  26 March 2014
IRS

IRS to Tax Digital Currencies as Property, Not Currency

The US tax body has released a new notice relating to its treatment of bitcoin and other digital currencies.

Policy & regulation  ·  25 March 2014
IRS

Bitcoin Holders Face Uncertainty Over Tax Returns

This financial year many bitcoin users will consider putting their gains on their tax returns. But how?

Policy & regulation  ·  2 February 2014
IRS

Pay Your Taxes With Bitcoin: SnapCard Launches ‘Pay the IRS’ Service

Users of snapCard will be able to pay the IRS their taxes in bitcoin with the company's new service.

Business  ·  15 January 2014
IRS

Taxpayer Advocate to IRS: We Need Bitcoin Guidance

A Treasury-appointed official has warned the IRS to issue tax guidance on bitcoin or risk confusing businesses.

Policy & regulation  ·  10 January 2014