The Resource Bitcoin - tax planning in the uncertain world of virtual currency

Bitcoin - tax planning in the uncertain world of virtual currency

Label
Bitcoin - tax planning in the uncertain world of virtual currency
Title
Bitcoin - tax planning in the uncertain world of virtual currency
Creator
Subject
Language
eng
Summary
The IRS faces a significant challenge in enforcing the reporting and collection of tax in bitcoin transactions. The use of bitcoin and other virtual currency has increased in recent years. It is estimated that over 80,000 businesses now accept bitcoin, including mainstream companies such as Overstock.com, 1-800 Flowers, and Dish Network. Tax practitioners can expect to see an increased number of clients involved in bitcoin transactions, and they need to understand how bitcoins are taxed to properly advise their clients. This article reviews the current tax rules for bitcoin transactions
Citation source
In: Practical tax strategies. - New York. - Vol. 93 (2014),
http://library.link/vocab/creatorName
Koski, T.R
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • digital economy
  • capital gains
  • losses
  • disclosure
  • FATCA
Label
Bitcoin - tax planning in the uncertain world of virtual currency
Instantiates
Publication
Label
Bitcoin - tax planning in the uncertain world of virtual currency
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
Processing Feedback ...