Yes, the IRS can tax bitcoin and other cryptocurrencies. What you need to know No Comments Uncategorized Even though you can buy things with bitcoin, it’s not the same as cash. At least not in the eyes of the IRS. Even though you can buy things with bitcoin, it’s not the same as cash. At least not in the eyes of the IRS. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to print (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on WhatsApp (Opens in new window)