I’m a lawyer and I accept Bitcoin. But how am I supposed to report Bitcoin income and expenses? A Lawyer’s Take On Bitcoin And Taxes is a 31 page guide with 108 footnotes that helps answer that question.There are thousands of people, some of them earning a lot more Bitcoins than me, who face this exact problem. But, Bitcoins are so new, the IRS has no official (or unofficial) guidance on how to tr…
The Book is a pioneer in its approach to choosing and using offshore tax havens. It is an important tool for the professional and other interested parties seeking practical means for choosing an offshore. It looks to the essence of the choice, starting with what the user’s needs are and progressing to what the user must look at. It also includes a detailed analysis of tax laws (featuring chapters …
If banks can not fund online sports betting, how come some sites allow you to deposit an instant check?
I want to get into online sports betting and found out a lot of information about it dealing with how it isn’t illegal, but American banks just aren’t allowed to let their accounts be used for online betting. If so, how is it that some sports betting sites actually allow you to use an instant check to deposit your money to gamble with–and some sites even say that you can cash out for free at any time and the site will put the money in your banking account. I know about all these sites being based offshore and everything, but I don’t get how they can still use American bank accounts. Can anyone explain?
Well for the cashing out issue they just use a front company to deposit it into you bank account. banks tend not to look very close at incoming funds ( of a reasonable amount, anything over several thousand and they start looking closer, anything 10K+ is reported to the IRS)
I’m a lawyer and I accept Bitcoin. But how am I supposed to report Bitcoin income and expenses? A Lawyer’s Take On Bitcoin And Taxes is a 31 page guide with 108 footnotes that helps answer that question.There are thousands of people, some of them earning a lot more Bitcoins than me, who face this exact problem. But, Bitcoins are so new, the IRS has no official (or unofficial) guidance on how to tr…
