Looking for some help from my fellow american taxpayers.
So I have spent about a week looking into this new IRS declaration, and have become puzzled. This is why I write to you folks for help.
If the 16th Amendment states:
"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration."
Now I have gone through every legal document from congress and can't find anything that was passed declaring bitcoin as property. So if congress didn't declare it, then how can the IRS tax it? They don't have the power to declare it as taxable, as that is Congress's job.
Am I wrong on this, or can you folks help me with find supreme court cases or legal documents that makes taxing a bitcoin constitutional?
Please provide any legal documents or reference to such information to back up what you have found.