Post
Topic
Board Bitcoin Discussion
Re: TurboTax advertises Bitcoin as a tax dodge!
by
LeonGeeste
on 21/07/2011, 15:32:07 UTC
On a related note, a merchant could probably easily hide all evidence of having received bitcoins, and then record any product dispensed in return for those bitcoins as a "promotional giveaway", deducting the "forgone income" on their taxes.  Not recommending it, but I don't know how they'd enforce this if the buyer didn't say anything...