Bitcoin Taxation: A Gift From the IRS & the Coffee Problem

Every bitcoin transaction requires a gain or loss calculation between acquired cost basis and the amount it was sold for. This is no problem for large blocks, but on everyday purchases, a gain or loss calculation on every $1.79 cup of coffee is a lot of calculating.

from Google News, Yahoo! News, Wikinews, NY Times National News by search term http://www.wallstreetandtech.com/compliance/bitcoin-taxation-a-gift-from-the-irs-and-the-coffee-problem/a/d-id/1318419?_mc=RSS_WST_EDT
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