Should you accept Bitcoin as payment?

There’s a lot of talk these days about Bitcoin. Which is not surprising.

You see, more and more businesses are using this virtual currency as a store of value and a medium of exchange.

Should you start letting people pay you with Bitcoin instead of greenbacks?

Well, it’s certainly worth considering. But before you make a move, you should get all the facts.

That’s why I urge you to read my new article titled Tax Tips: Should You Accept Bitcoins as Payment in Your Business?

Three ways our fact-filled article can help you:

1. We’ll tell you what the Bitcoin revolution is all about. Bitcoin is a virtual currency which means it’s not considered legal tender in any country. But you can use Bitcoin in some countries as if it were. Want to buy and sell Bitcoin digitally and exchange it into actual currencies like dollars or Euros? No problem! You’ll get the whole story when you read the full article.
2. You’ll learn how the IRS views Bitcoin. For federal tax purposes, Bitcoin and other convertible virtual currencies are treated as property. So the taxation of a Bitcoin transaction is the same as it would be for the sale or exchange of property. What does this mean to you and your business? You’ll find out when you read the full article.
3. We’ll explain the pros and cons of Bitcoin. There are some great reasons to use Bitcoin in business, but there are some real downsides too. We’ll tell you the good, the bad, and the ugly when you read the full article.