Jason M Tyra

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 jason@tyracpa.com.

Bitcoin’s Deadwood Days Are Numbered

"We're illegal. Our whole goal is to get annexed by the United f*****' States." -Al Swearengen, "Deadwood"Monday, February 10th is starting to look like the day that Tokyo-based Bitcoin...

Bitcoin Regulation Update- 02/14/14

The week preceding today’s update saw Bitcoin’s network subjected to adeliberate attack by parties unknown, temporarily halting withdrawals at several exchanges and driving down the price of bitcoin for...

Triple Entry Bookkeeping With Bitcoin

This article corresponds with David Mondrus’ January 29th post entitled “In Mining, We Trust” to the extent that this piece explains from an accounting perspective why a distributed public...

Bitcoin Regulatory Update- 02/07/14

This week’s regulatory update continues the trend cited last week, with American officials primarily concerned with Bitcoin’s money laundering potential and other countries with Bitcoin as a driver of...

What If I Don’t Report My Bitcoin Income?

What if you don’t report all of your Bitcoin gains on your US tax return? You must have at least considered it by now. How would the IRS know?...

Bitcoin Regulatory Update- 01/29/14

Regulatory developments over the past two weeks are indicative of a widening gap in treatment of Bitcoin among developed nations. The various American regulatory bodies seem to be receptive...

Bitcoin Tax Checklist

Last year was very kind to Bitcoin. So kind, in fact, that for the first time, many previously casual Bitcoiners are finding themselves with substantial and unexpected gains to...

Bitcoin Regulatory Update- 01/17/14

On Tuesday, January 14, Wells Fargo’s anti-money laundering unit organized a meeting in San Francisco to discuss “rules of engagement” for Bitcoin. Reportedly in attendance were representatives from other...

Bitcoin’s Tipping Point Could Come Soon

Overstock.com’s rollout of Bitcoin payment acceptance capability last week generated much rejoicing among Bitcoin enthusiasts in the United States. Whether this move by Overstock.com will cause other large retailers...

KryptoTax Review

With the start of a new year comes the start of a new tax filing season in the United States. After an exciting and volatile 2013, many US taxpayers...

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