Tax Planning Bitcoins: The Taxless Currency Read the Article Open Share Drawer Share this: Share on Facebook (Opens in new window) Facebook Share on X (Opens in new window) X Share on LinkedIn (Opens in new window) LinkedIn Share on Pinterest (Opens in new window) Pinterest Print (Opens in new window) Print Written by Published Jul 18, 2011 - [Updated Aug 23, 2016] 1 min read In today’s economy, the value of the dollar is weaker than ever and the thought of a digital currency is becoming more of a reality with the recent introduction of bitcoins. Bitcoins can be compared to cash, but cash is limited to physical exchange, where as bitcoins can be sent throughout the Internet. Today there are more than 6.3 million bitcoins in existence and this number continues to grow. So, how are bitcoins used and how have they become a currency that can be used like dollars, but is tax avoidable? Let’s explore. Embed the above image on your site using the code below:  Your refund is waiting Get started Free Tax Filing, Efile Taxes, Income Tax Returns – TurboTax.com Previous Post Summer Job Tax Tips Next Post Don’t Let That Summer Getaway Get Away Your refund is waiting Get started Written by More from Browse Related Articles Tax Tips A Business Owner’s Guide To Optimizing Tax Deductions Investments Make the Money Moves That Actually Hold up When Markets Don’t Investments The Portfolio Moves That Pay Off When Markets Get Weird Tax Tips What To Do When Your Tax Bill Surprises You Investments Five Smart Things You Can Do with Your Tax Refund Income Do I Have To Pay State Taxes on My NIL Pay? Latest News Your California Inflation Relief Debit Card Could Still Have Money, But Not for Long Tax Help Intuit TurboTax is Now Live on Claude and Better Than Ever with App in ChatGPT Tax Help Taxes Due Soon: Here’s What You Need Now to File or Get an Extension before April 15 Tax Help I Won Money on a Sports App During the Big Game. Now What?