Post
Topic
Board Economics
Re: New IRS rules for BTC as related to US Tax payers
by
DeathAndTaxes
on 26/03/2014, 23:43:24 UTC
But this is a deathblow. How will businesses keep track of what a coin was worth when they exchanged a good or service for said bitcoin? This Bloomberg article puts it perfectly

Any company doing international sales is already doing the same thing when it comes to getting paid in Euros.  For most merchants which don't hold BTC there is never any gain.   For merchants that do, and can't do it themselves I am sure processors like bitpay will provide services to track all that and give them a report at the end of the year.