Tax compliance
There may be tax liabilities encountered when transacting with or trading in bitcoins. Some of those that are possible might be described below.
This page was created by those in the Bitcoin community to help in understanding tax compliance concerns. This is not eithre legal nor accounting advice. For either for those consult your attorney or accountant.
Types of Transactions
- Currency exchange trading
- Investment as a commodity
- Purchase of goods and services
- Barter
- Compensation / Payroll
Types of Taxes
- Sales Taxes
- Value Added Taxes
- Income Taxes
- Excise Taxes
- Payroll Taxes