Virtual currency for payments Archives - EcommerceBytes https://www.ecommercebytes.com/tag/virtual-currency-for-payments/ Ecommerce Industry News Mon, 30 Jan 2023 14:33:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://www.ecommercebytes.com/wp-content/uploads/2017/06/EB_site_icon-150x150.gif Virtual currency for payments Archives - EcommerceBytes https://www.ecommercebytes.com/tag/virtual-currency-for-payments/ 32 32 Sellers: Be Ready for New IRS Tax Question on Virtual Payments https://www.ecommercebytes.com/2023/01/29/sellers-be-ready-for-new-irs-tax-question-on-virtual-payments/ https://www.ecommercebytes.com/2023/01/29/sellers-be-ready-for-new-irs-tax-question-on-virtual-payments/#comments Sun, 29 Jan 2023 18:54:35 +0000 https://www.ecommercebytes.com/?p=228798 The IRS has tweaked a question that all taxpayers must answer on their tax return in April for tax year 2022, and it’s especially important for online sellers (and collectors) to be prepared so they don’t get into trouble down Read more]]> https://www.ecommercebytes.com/2023/01/29/sellers-be-ready-for-new-irs-tax-question-on-virtual-payments/feed/ 4 Accept Virtual Currency for Payments? The IRS Wants to Know https://www.ecommercebytes.com/2022/03/29/accept-virtual-currency-for-payments-the-irs-wants-to-know/ Wed, 30 Mar 2022 01:29:40 +0000 https://www.ecommercebytes.com/?p=227345 Did you know that taxpayers who accepted virtual currency for payments in 2021 for goods or services must answer yes to a question at the top of IRS Form 1040 that reads: “At any time during 2021, did you receive, Read more]]>