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Leonard, Andrew. "Bitcoin tax time?" Salon. Chamberlain, Andrew. "Taxing the Video Game Economy." The Tax Foundation: Tax Policy Blog. Caron, Paul. "JEC Warns IRS: Do not Tax Virtual Economies." TaxProf Blog. Caron, Paul. "Can the IRS Tax Virtual Profits in On-Line Gaming?" TaxProf Blog. Dibbell, Julian. "Dragon Slayers or Tax Evaders." Legal Affairs. On March 25, 2014, the IRS introduced that it would be taxing bitcoin as property, following the same tax pointers as other transactions involving property. The controversy over Bitcoin appears a little bit irrelevant to the lives of most Americans. The GAO report stated that cash earned by way of Bitcoin transactions could also be taxable -- the ultimate resolution on that matter being as much as the IRS. As of May 1, 2013, there have been 11 million bitcoins in circulation. Something that you could be possibly not know is that there's a remedy, low price engagement rings. There are 32.15 troy ounces in a kilogram.
