QuickBooks Bitcoin Payments

http://intuitlabs.com/labexperiments/quickbooks-bitcoin-payments

by johndevor • 12 years ago

55 9 12 years ago

intuitlabs.com

kolev2• 12 years ago

Shoot! Now all the fanatics will find an opportunity to annoy us with their "To the moon!" again and again!

dublinben• 12 years ago

Is anyone spending Bitcoin anymore, now that it is considered a taxable event by the IRS?

jdreaver• 12 years ago

The whole point is the IRS can't see the transaction, as long as you are careful. Of course, sending BTC to a registered business is probably a good way to expose transactions.

kolev2• 12 years ago

Oh, really? You want to affirm the notion that Bitcoin is for fraudsters only.

StavrosK• 12 years ago

Spending money is a taxable event? How come?

johndevor• 12 years ago

Bitcoin is classified as an "asset", not currency by the IRS.

Mangalor• 12 years ago

Speculators are still alive and well. I'm still hoping some new software will come out to record prices automatically, making this issue irrelevant.

fiatmoney• 12 years ago

One can still buy BTC and spend them more or less immediately, as a wash sale. The broker takes the risk of the price shifting under them, as is always the case with brokers.

And the US is not the world's only tax regime.

And it is not settled law that they actually are a capital asset rather than a currency; this is how the IRS intends to interpret it in the absence of legislation or a court ruling, but they've been forced to change their interpretations before.

netcan• 12 years ago

(1) There are still some anyones outside of the US. (2) the IRS' definition of bitcoin as property is like the rules that some US states have about online purchases & taxes. You are supposed to keep track of all your online sales and pay the tax yourself. They are seldom enforced.

I don't think the IRS's decision has any immediate impact on sales using bitcoins.

QuickBooks Bitcoin Payments

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