Post
Topic
Board Bitcoin Discussion
Re: Do we need bitcoin?
by
mk4
on 20/07/2020, 09:01:56 UTC
What I'm saying that if you start accepting bitcoin in your business, no one will track you. And no one will tax you.

Majority of businesses use payment gateways such as BitPay that automatically sells the bitcoin for fiat at point of sale because most businesses prefer not holding bitcoin due to the price volatility. And just like with every single payment processor, they do report to the IRS.

https://support.bitpay.com/hc/en-us/articles/203076766-What-do-you-do-with-my-EIN-What-does-BitPay-tell-the-IRS