Company Provides Software to Balance the Bitcoin Books
Taxpayers Can Optimize Liabilities for Past and Future Digital Currency Transactions
SAN FRANCISCO—Aug. 20 , 2014— Individuals and businesses that have transacted in Bitcoin, Ripple and other digital currencies can now easily calculate their tax obligations using Libra’s tax software (http://libratax.com/). The software will accommodate all 2013 and earlier digital currency users, including those who filed for extensions in spring 2014. Even those who have already filed will want to amend their tax returns once they discover that reportable capital gains may be significantly reduced with optimized accounting options.