Originally Posted by woj

it shouldn't be much different than doing business in USD (or any other currency), but paying taxes in your local currency CZK(?)... people do business in other currencies all the time, there are accounting rules to make it all work correctly...

so there is nothing really illegal from accounting point of view about doing business with bitcoins, but you are right, you would probably get audited right away if you put "bitcoins" on any tax form... it has drama written all over it...

Originally Posted by Oracle Porn

exactly.