Most people have at least heard of Bitcoins, a virtual
currency that is becoming quite popular (and more accepted) around the world.
Perhaps you’ve even accumulated some Bitcoins yourself. If so, you may be
wondering how exactly to treat those Bitcoins on your taxes.
Apparently, a lot of
other people were too because the IRS recently released a statement saying that
Bitcoins should be included on taxes as property, not currency. That means that
Bitcoins will be treated just like regular assets and potentially subject to
capital gains taxes.
If you’re using Bitcoins, you need to learn more about this
relatively new currency and the effect that its use could potentially have on
your financial status. Fortunately, there are many companies that provide
skilled financial services and that know the ins and outs of Bitcoins.
And, even if you’re not using Bitcoins, you could probably
still use some help navigating today’s ever-changing financial world. No matter
where you are in life, rely on qualified financial services, such as Platinum
Financial Associates of Naperville, for assistance.
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