What are bitcoins and how do they avoid taxes?

There has been a lot of press surrounding bitcoins lately. They are viewed as a fun way to invest and play a virtual market with high potential gains. There is risk involved as with any investment, but there’s a huge advantage of trading bitcoins that few realize.

Taxes? What taxes?

This graphic by the money-knowing folks over at Intuit breaks down the loophole and shows the advantages and disadvantages of the digital currency world. When you have money without borders, what could go wrong?

Answer: a lot. Is it worth the risks?