The IRS isn't that concerned about the guy in the next cubicle who owns 2.8 BTC. (Though they'll certainly go after him if they find out he's cheating the government.) This is aimed squarely at:
-big investors (like Goldman Sachs, for example)
-businesses that are trying to do business in bitcoin and might be inclined to push the limits with their accounting
-criminal enterprises trying to hide transactions. Remember they got Capone for tax evasion.
-big investors (like Goldman Sachs, for example)
-businesses that are trying to do business in bitcoin and might be inclined to push the limits with their accounting
-criminal enterprises trying to hide transactions. Remember they got Capone for tax evasion.