Jason M Tyra
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Jason M. Tyra writes about US Federal Income Tax, regulatory and financial accounting issues that affect individuals, entrepreneurs and small businesses using Bitcoin as a means of payment and store of wealth. Jason is a Certified Public Accountant licensed to practice in the State of Texas. Opinions do not constitute tax or accounting advice. Feedback is always appreciated. You can contact Jason by e-mail at [email protected].
Mt. Gox Shouldn’t Stay Down…Or Should It?
Mt. Gox’s petition for bankruptcy protection during a proposed reorganization was rejected two weeks ago by a Japanese bankruptcy court. As a result, the beleaguered exchange has been ordered...
Mt. Gox To Be Liquidated
A Japanese bankruptcy court declared this week that collapsed Bitcoin exchange Mt. Gox will not be permitted to reorganize and therefore must enter liquidation. The court rejected Mt. Gox’s...
BitPay Clarifies Its Stance on Gun Retailers
BitPay responded to criticism this week over its alleged refusal to do business with an Austin, Texas based firearms seller by releasing a statement that clarifies its terms of...
IRS Releases Bitcoin Guidance (And It Isn’t Good)
The IRS released a technical notice this week which definitively affirmed Bitcoin’s taxability in the United States and clarified how transactions involving Bitcoin and other so-called virtual currencies should...
Securities Registration Requirements Holding Bitcoin Back
The commissioner of the Texas State Securities Board issued an emergency order last week barring a private energy exploration company from accepting investments in bitcoin from non-accredited investors. The...
Bitcoin Regulation Update- 03/07/14
This week saw the outing (or not) of Satoshi Nakamoto, Bitcoin’s alleged inventor, who is said to have abruptly disappeared from the online forums he was known to frequent...
What To Do If You’ve Been Goxed
AUTHOR'S NOTE: It has been suggested to me that this article may be premature, given the developing nature of the Mt. Gox situation. However, I wanted to go ahead...
Bitcoin Regulation Update- 02/28/14
The last week in February took a turn for the worse for Bitcoiners as ailing exchange Mt. Gox finally closed its doors, leaving its customers with scant idea as...
Mt. Gox May Have Been A Ponzi Scheme (But Bitcoin Isn’t)
Tuesday’s apparent collapse of Mt. Gox, Bitcoin’s oldest, largest and, until recently, most trusted exchange, sent shockwaves through the Bitcoin economy worldwide. While the exchange largely stopped honoring withdrawal...
Bitcoin Regulation Update- 02/21/14
Though no major policy developments were announced this week, the highlight seemed to be New York’s Financial Services Superintendent Benjamin Lawsky agreeing to a request for a public question...
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