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General Discussion / Re: Invictus Innovations to Return PTS Donations
« on: November 13, 2014, 05:35:26 pm »
The IRS has effectively forced all businesses accepting crypto-currencies to liquidate immediately because otherwise they could face income taxes on the value at the time of receipt and be unable to offset that income with capital losses. A very sly move by the IRS that effectively kills using crypto as a currency to actually buy things.Yes. Heh. Very sly. Except it won't work against fiendishly stable BitAssets!
Nice .... Anyone know where I can find the detail of this new rule from IRS ?
It's a huge news for pegged assets .