Paying Tax in Crypto Ironically Triggers More Taxes - Expert Take

in #esteem7 years ago


In the United States, the Internal Revenue Service (IRS) does not accept bitcoin, wave or ethoram taxes so far. But this may not be too far, Arizona is likely to accept payments in crypto and other states to become the first state in the country. Upon passing, Arizona's 1091 Senate Bill Betcone will pay for income tax and other cryptocoversion, which is approved by the Arizona Department of Revenue. Changes will not be effective until 2020, which is light years away. SOURCE https://cointelegraph.com/news/paying-tax-in-crypto-ironically-triggers-more-taxes-expert-take