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 Self-Employed Most Businesses Are Scaling the Wrong Things. Here’s What to Actually Build Life Has Having Kids Become a Luxury Purchase? Work The Hidden Tax on Moving Slow: Why the Cost of Hesitation Is Higher Than You Think Work The Businesses That Will Win the Next Decade Already Look Different. Here’s How Work You Can’t Scale a Business You Don’t Understand. Start with the Numbers Life For New Grads, the Real Student Loan Question Isn’t RAP vs. Tiered, It’s $111 a Month Life As Grocery Bills Increase, Gen Z Claps Back Savings Here’s Exactly How a Fed Rate Change Hits Your Wallet Life Splitting Your 2026 Festival Tix into Payments? Here’s How To Do It Right Life Beyond the Airfare Hacks, the Two Hidden Travel Savings You Don’t Want To Miss