All I'm thankful for is I didn't preorder those 1TH+ miners... with the difficulty this high and now daily mining being taxable as ordinary income (and not when btc are sold/exchanged) and with cost of hardware and power, there's no ROI left. IRS has essentially gifted mining to the Chinese.
One word:
Corporations.
Watch for my offerings in that regard, coming soon to an internet forum near you.
My $.02.
So basically you mine as income and offset it with expenses such as hardware, utilities, depreciation, etc.?
By George, I think you've got it!
Al least part of it..............................
My $.02.