IRS Issues Bitcoin Guidance — It’s Property, Not Currency, And 1099s Are Required

By March 25, 2014Bitcoin Business

IRS Issues Bitcoin Guidance -- It's Property, Not Currency, And 1099s Are Required

The IRS has issued a bevy of questions and answers about digital currencies like Bitcoin. The biggest news is that it is property for tax purposes, which means that: Wages paid to employees using virtual currency are taxable, must be reported on a Form W-2 , and are subject […]

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