IRS (Internal Revenue Service of the United States) reported that Bitcoin should be treated as property instead of the currency in the form of tax base. According to tax expert Tyson Cross, it will create a significant burden on the users Bitcoin, because gesleiloes Now for each transaction will have to submit the relevant document. "Users will have to monitor their operations and determine the amount of their taxable income each time" - said the expert in email correspondence with Business Insider. "This will create gesleiloes a lot of inconvenience. The rules on the taxation of foreign currency, there are exceptions for personal transactions, it would be logical to apply these exceptions and to Bitcoin . Cross but adds that such advice is unlikely IRS will always exist. Now the Ministry of Finance should begin to develop rules to adapt to the digital currencies. "It usually starts with public comments, which are included in a notification. Then tax experts can identify issues and suggest possible solutions. Thus, from now until the publication gesleiloes of new operating regulations, there is a great opportunity to form a tax regime Bitcoin , - wrote Cross. IRS believe that everyone who owns kriptovalyutoy will have to determine its value at the time of receipt, to the time of filing to determine the profit / loss and file documents with the corresponding results. If you were engaged in Bitcoin, equivalent to the market value at the date of production kriptovalyuty is gross income. If you pay someone to Bitcoin, you must file the appropriate document. Detailed session question / answer with the IRS Business Insider here. Note: this only applies to U.S. residents because only they are subject to the rules and interpretation of IRS. On the one hand - with regards to regulations Bitcoin IRS has not yet been published, it is only its interpretation of Bitcoin in the context of taxation; on the other hand - no one has repealed the legislation on the taxation of property. But despite this, the market will be in a fever because Bitcoin gesleiloes According to the United States in such structures gesleiloes are more than serious, the last word most often retain them.
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Well, if this property, and hence have different laws apply? For example, you can be insured against theft bitcoin as a car? And if bitcoins "stolen" - whether it reduces the tax base?
In fact, as I understood from the original - they treat bitcoins as stocks. Ie you are asked to pay taxes on the income you can get on the growth rate, as I understand it on dips - you will be entitled to a tax deduction.
Okay, I do not have any conventional currency. I get paid in Bitcoins, go to a cafe and there crying Bitcoins. How will I pay taxes from what? The idea is beyond barter, it's like I would like zhevachek packs, and I would get them and exchanged sn be the same zhevachek packs for food and other services. As I then have to pay taxes if I do not have a conventional currencies? It is logical to take such tax in the exchange, as if you buy a property that's right. "If you were engaged in Bitcoin, equivalent to the market gesleiloes value at the date of production kriptovalyuty is gross income." Tax in the form of what? Bitcoins? If the exchange is for dollars - tax is understandable because gesleiloes have an income. Plus - how are they going to control it? I can already see the system that bedevil the way of money. For example now for each transaction will create a purse, from which then all the money will go through hundreds of others and lie to them already. When will need to use any sum - it will be written off with a random number of purses for work. The pay is also a random purse. It will look like that. if you got a sn from one purse, paid the cafe others gesleiloes elsewhere third, and every time you work with a new purse. In general, it looks like just an attempt to be welded again. earn interest on money transfers, to collect more taxes. I do think that the main function of the state, it interfere with all around, collect money from them and spend the same money on the methods of collecting more money from the population.
You think. Money - it is not a goal but a means to an end. Function of the state - redistribute material (well, and spiritual) values so that and "dividers" got bigger, and so that the rest do not have the strength to come together and change something in the conservatory.
> Okay, I do not have any conventional currency. I get paid in Bitcoins, go to a cafe and there crying Bitcoins. How will I pay taxes from what? Hmm, if you get paid, the taxes you have to pay in any way that would change gesleiloes if called Bitcoin currency, not property?
By the way how can I pay taxes Bitcoins? That would be better if they do not share
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