Ohio Announces it Will Be the First State to Accept Cryptocurrency for Tax Payments

Thursday, November 29th, 2018

 
 
Multiple types of cryptocurrency.
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Banking & Finance

Ohio has announced that it will be the first state in the country to accept cryptocurrency for tax payments. The state will accept cryptocurrency payments through OhioCrypto.com.

Bitcoin is the only cryptocurrency that OhioCrypto.com will currently accept, but the Treasurer's office is hoping to add more options in the future. There are 23 eligible taxes that can be paid by cryptocurrency at this time.

Tax payments can also be made by ACH credit, ACH debit, check, and money order.

https://www.ttrus.com/OhioAnnouncesitWillBetheFirstStatetoAcceptCryptocurrencyforTaxPayments


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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