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TAX SAVINGS

We Now Know How The IRS Will Treat Bitcoins

By The BIDaWIZ Team on March 28th, 2014 at 4:55 pm

The uncertain future of bitcoins as a viable form of "currency" remains. Having said that, the IRS has in many respects given this form of "currency" some legitimacy by ruling how it should be recognized for tax purposes. The mere fact that the IRS is acknowledging bitcoins bodes well for the many bitcoin digital currency enthusiasts out there. Still, how does the IRS ruling impact your taxes? .
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