Bitcoin Taxation Part 7 – Foreign Account Reporting Requirements
• http://bitcoinassociation.orgThis is Part Six in a Seven Part Series Covering Taxation of Bitcoin for US Citizens.
This is Part Six in a Seven Part Series Covering Taxation of Bitcoin for US Citizens.
When you operate your trusts that handle the bitcoins for you, make it a trust requirement, in the indenture and bylaws, that the trust's Bitcoin transactions are not reportable. Rather, they are private, under contract law, and any information that happens to surface is only incidental, and does NOT have anything to do with breaking the trust.