Hey, IRS: Here are some Bitcoin users who might need help paying their taxes
For law-abiding Bitcoin fans, tax season can be especially stressful. The IRS’s guidelines for virtual currencies, laid down last year, classified Bitcoin as property for federal tax purposes. That means that, just as with any other financial asset, Bitcoin users are required to pay taxes whenever they sell or exchange Bitcoin for a gain.

March 26, 2015 at 01:59PM
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