Colorado taxpayers can now pay their taxes in Bitcoin, Ether and other cryptocurrencies under a one-of-a-kind state tax payment program in conjunction with PayPal, the state’s Department of Revenue said Tuesday.
Businesses and individuals will be able to use cryptocurrency assets to pay tax duties under Colorado’s primary tax programs including the individual income tax, business income tax, sales and use tax, withholding tax, severance tax, and excise fuel tax. Crypto is one of several options Colorado taxpayers have for the payment of taxes including cash, check, money order, credit or debit card, ACH credit, and E-check.
Because Colorado can’t ...
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