{"id":34538,"date":"2014-03-26t09:04:49","date_gmt":"2014-03-26t13:04:49","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=34538"},"modified":"2021-03-01t09:08:35","modified_gmt":"2021-03-01t14:08:35","slug":"irs-rules-on-bitcoins-5-things-accountants-need-to-know","status":"publish","type":"post","link":"\/\/www.g005e.com\/2014\/03\/26\/irs-rules-on-bitcoins-5-things-accountants-need-to-know\/","title":{"rendered":"irs bitcoin rule: 5 things accountants need to know"},"content":{"rendered":"
item 5: brace for new work.<\/b><\/p>\n
by hitendra patil<\/em> you may need to start asking your clients about bitcoin. new irs guidance treats bitcoins and other crypto-currencies not as money, but as property, for tax purposes and applies immediately to all returns.\u00a0see the full text of\u00a0notice 2014-21\u00a0(pdf)<\/a>.<\/p>\n among other things, the irs advised that:<\/p>\n
\n\u00a0pransform inc.<\/a><\/em><\/p>\n\n
\n<\/ul>\n
\n
\n
\n