IRS reminds about the payment of interest income with cryptocurrency
Source:
On Wednesday, Edward Snowden on the surveillance of cryptocurrency users from the Agency to the national security of the United States. The Agency collects information on the holders of coins from 2013. It seems that data collection is not very successful. On the taxation of profits from cryptocurrency once again reminded the IRS.
theTax the cryptocurrency. US version
Release-reminder the Department published on Friday, reports . According to employees, transactions with cryptocurrencies are taxed in the same way as other forms of ownership.
Profit and loss in the digital currency is treated as capital gains, while the cryptocurrency acts as a primary asset. In the same way it's taxed salary in bitcoin. In General, the Agency need to notify about all payments and transactions in coins.
Payments using virtual currency are subject to information to the same extent as other payments made in property.
Waiting for Delinquent audits and penalties. The tax evasion punishable by up to five years and a fine up to $ 250 thousand. I hope the points will be more friendly.
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