Bitcoin Taxes 2016: Accurately Reporting Bitcoin Usage

Taxes and Bitcoin BitcoinistTaxes and Bitcoin Bitcoinist

While taxation law has not altered given final year, it’s still critical to examination how Bitcoin works for taxes given it’s compulsory by law in a U.S. Accurately stating taxes for Bitcoin can be wily given it involves calculations that provide it as a banking as good as collateral item that can have possibly collateral gains or waste over time depending on when we acquired a Bitcoin. The series of Bitcoin users has grown significantly given 2015 so it’s really critical that a village is prepared on how to provide their Bitcoin taxes.  This year a taxation filing deadline is Apr 18 th.

Also read: Bitcoin Taxes: The Professionals, The Digital Currency Council

Introductions

Daniel Winters, MS Taxation, MBA

Global Tax Accountants is owned by Daniel Winters, who has over 12 years of taxation knowledge and binds both a Masters of Taxation and an MBA.  Daniel has created a march for accountants about Bitcoin and has been interviewed by Bloomberg and Thomson Reuters.  He has presented during a San Francisco Blockchain



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