As Certain as Death and Taxes: Consumer Considerations of Bitcoin Transactions for When the IRS Comes Knocking

20 Pages Posted: 11 Dec 2013

See all articles by Jennifer Isom

Jennifer Isom

University of New Mexico - School of Law

Date Written: December 9, 2013

Abstract

Bitcoin is the first decentralized digital-currency. Due to the infancy and only recent popularity, consumers transacting in bitcoins are likely unaware of the tax implications involved. At this time, there are no known legal decisions on how Bitcoin transactions should be taxed. This paper explores the likely tax implications for everyday consumers exchanging bitcoins for property and services.

Suggested Citation

Isom, Jennifer, As Certain as Death and Taxes: Consumer Considerations of Bitcoin Transactions for When the IRS Comes Knocking (December 9, 2013). Available at SSRN: https://ssrn.com/abstract=2365493 or http://dx.doi.org/10.2139/ssrn.2365493

Jennifer Isom (Contact Author)

University of New Mexico - School of Law ( email )

1117 Stanford, N.E.
Albuquerque, NM 87131
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
639
Abstract Views
3,010
rank
45,784
PlumX Metrics