Quote from: bgibso01 on April 17, 2015, 01:22:16 AM

Quote from: Amph on April 16, 2015, 01:47:30 PM

if you want to avoid taxes at all, just pay in bitcoin directly, and never exchange them, even if they track you, they can't do shit, because bitcoin it self isn't taxable, is just the gain in fiat that it is

Not technically (legally) correct. That would fall under the barter rules for tax purposes. And the IRS has already issued rules for how to value the bitcoin when you receive it if other than purchase.

can you point me that rules? because i know that bitcoin itself are not taxable, but only their conversion in fiat, and also it does not make sense

i can use bitcoin to buying used thing or food, and they won't track back something like this it's purely impossible...

Quote from: Bitware on April 18, 2015, 07:33:10 AM

Quote from: Amph on April 16, 2015, 01:47:30 PM

if you want to avoid taxes at all, just pay in bitcoin directly, and never exchange them, even if they track you, they can't do shit, because bitcoin it self isn't taxable, is just the gain in fiat that it is

This is very bad advice that can get you in trouble if you follow it.

how so? something like this could only help adoption(as long as everyone will do it, merchants too), because it prevent dumping btc for fiat