The Latest Bitcoin Hurdle: How to Tax It

A little more than two years after the Internal Revenue Service issued bare-bones guidance on bitcoin and other digital currencies, the agency still hasn’t addressed many important tax matters affecting them.

The American Institute of CPAs sent the IRS a letter earlier this month requesting clarifications on 10 issues, including the tax status of small transactions and rules for donating digital currencies to charity.


Read more ... source: TheBitcoinNews