File and report EVERY SINGLE bitcoin transaction...Obviously that can never function.
Check out the concept of ZGL wallets and coins here:
https://bitcointalk.org/index.php?topic=531135.0This guidance was a positive as it gives clarity to larger players interested in entering the bitcoin space.
...There is unfortunately no way around this, unless IRS changes the ruling.
No way around what? Did you read the thread? ZGL wallets (once available) would be an effortless way to ensure compliance with US tax laws should you choose to report to the IRS. What are you suggesting is the problem with the concept? The guidance that bitcoin is property seems actually helpful.