BitPay announces partnership with Libra Tax to simplify bitcoin taxes for merchants

Announcements | April 1, 2015 By:

On Tuesday, March 24, BitPay announced alliance with Libra Tax. The deal enables BitPay to forward Libra’s Bitcoin tax account service to its merchants, which include major companies like Microsoft and Overstock that started accepting the digital currency back in 2014.

“It’s tax season, and if your business accepts crypto-currencies, like Bitcoin, then you need to get through the headache of reporting your bitcoin transactions to the IRS,” said BitPay CFO Bryan Kohn.

BitPay is a global bitcoin payment service provider headquartered in Atlanta, Georgia. Libra Tax is a company that provides a tax preparation tool, attributed as the first to calculate tax obligations for bitcoin traders.

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