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Missing tax deadlines in India? Understand filing and payment dates for income tax, GST, property tax, and more. Avoid penalties and stress
Missing tax deadlines in India? Understand filing and payment dates for income tax, GST, property tax, and more. Avoid penalties and stress! Get our comprehensive guide to key tax deadlines, tips for timely compliance, and common mistakes to sidestep.
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New Post has been published on Bitcoin:Views
What the IRS Bitcoin Tax Guidelines Mean For You
By Danny Bradbury, Coindesk.com
The US Internal Revenue Service finally announced its guidance for virtual currencies yesterday, explicitly referring to bitcoin (see the announcement here and notice here). The increased clarity – provided three weeks before the end of the US tax year – will come as a relief to many who were scared to get involved in bitcoin, commercially. But what does it mean for different members of the bitcoin community?
US businesses wanting to get involved in bitcoin have been waiting for this for a while. As recently as January, US Taxpayer Advocate Nina Olson pressured the IRS in her annual report to Congress, telling it that it needed to publish guidance. The lack of rules was a serious problem, she said, and many businesses would be surprised to hear that capital gains could be imposed on bitcoins.
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