A Primer on U.S. Taxation of Bitcoi. Bitcoin Tax Guide: An Introduction. While much has been written about the March 2014 IRS tax guidance on virtual currencies, few have done comprehensive analyses of the plethora of record-keeping and enforcement challenges that will arise as a result of the agency's decision to treat Bitcoin as property rather than currency. Diverse stakeholders ranging from consumers, merchants, miners and Bitcoin service providers (all of whom may also be considered "investors" at various times) must now grapple with complex and unclear tax reporting requirements in the coming months - even though more clarifications and changes from the agency seem inevitable following the "public comment" period this spring.
This is the first installment in a multi-part series that takes an in-depth look at the coming tax consequences of IRS Notice 2014-21 for the U.S. Bitcoin industry. With that in mind, how should Joe report trading gains and losses for Bitcoin and any of his other alt-coin investments? How about purchases he made with Bitcoin? Will people who trade cryptocurrencies be given 1030(like-kind exchange treatment) from the IRS? : tax. I am a tax attorney, here are my answers to the most common questions about the taxation of bitcoins : Bitcoin. LibraTax. BitcoinTaxes :: Calculate Capital Gains and Taxes for Bitcoin and Crypto-Currencies. Introducing Stellar | Stellar. Stellar is a decentralized protocol for sending and receiving money in any pair of currencies. This means users can, for example, send a transaction from their Yen balance and have it arrive in Euros, Yen, or even bitcoin.
We’re expecting to support the usual categories of transactions: payments to a merchant, remittances back home, or rent splits with a roommate. You can hold a balance with a gateway, which is any network participant you trust to accept a deposit in exchange for credit on the network. Stellar also comes with a built-in digital currency, referred to as the stellar, which we’re giving away for free. The currency will have value (as determined by the market); however, its primary function is providing a conversion path between other currencies. We hope that people will build applications on top of Stellar to help bridge the gap between digital and traditional currencies. Get started curl -X POST 1. 2. 3. 4. Test AccountID: Test Secret Key: Gateways. Mt. Gox, Ripple Founder Unveils Stellar, a New Digital Currency Project - MoneyBeat. JPMorgan Chase Building Bitcoin-Killer. By BRIAN COHEN – Dec. 9, 2013 Thanksgiving day, while many of us were eating turkey, The United States Patent and Trademark Office (USPTO) published JPMorgan Chase’s (Chase) patent application 20130317984, “Method and system for processing internet payments using the electronic funds transfer network.”
The application was filed with the USPTO on August 5th, 2013. Without mentioning Bitcoin or cryptocurrencies at all for that matter, Chase appears to be building a competing centralized network to Bitcoin. The application defines the problems that legacy banking has with online transactions and then provides a detailed explanation how Chase will address these problems with this new technology. The application states that Chase’s technology is a “new paradigm.” Moreover that it permits the creation of “virtual cash” (also referred to as “web cash”) with a “real-time digital exchange of value.” Bitcoin has been singled out as a game changer when it comes to the legacy cost of wire transfers: Akwala/dc (by a k'wala. List of all cryptocoins. Cryptometer.org. Crypto-Currency Market Capitalizations | Bitcoin Litecoin Peercoin Quark Namecoin WorldCoin ProtoShares Megacoin Primecoin Feathercoin and more...
Cryptocoin charts. OpenUDC project. Open-UDC (OpenUDC) TerraCoin - Digital Currency. Litecoin - Open source P2P digital currency.