IRS enlighthened, now accepting Bitcoin

2013 ended with IRS still no stand in dealing with Bitcoin.

Utah Software Engineer Mints Physical Bitcoins

“The IRS has not issued specific guidance addressing the tax treatment or reporting requirements applicable to digital currency transactions. People who are trying to comply with their federal income tax reporting obligations have complained that they are unsure about the rules.” – IRS

As reports says earlier today‚ IRS together with the help of SnapCard making it possible for bitcoin users to pay for their transactions as they usually deal with banks in this regard. IRD payments on the otherhand are charged 10$ flat along with your IRS payments.

A new year and a new way to pay is a great way to start a year!

Reference: Forbes‚ IRS

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