/biz/ - Business & Finance

from 2017-2018 when I file my tax in 2020?
got rid of a lot of shitcoins in 2018 at losses but i never filed taxes on it, can i still do it?

>Want to fuck over any crypto holders
>Create an "exchange" (can be a forum where people buy/sell crypto)
>Create a shittoken
>Sell your shittoken to your friend Joey for $1,000,000
>Airdrop 1,000 of your shittokens to everyone you want to fuck over
>They now have to pay income taxes on $1,000,000,000

Are they fucking kidding me?

In other, good news, you can now indicate which lots of crypto you're selling and don't have to file FIFO anymore.

>>14152694
>*blocks your path*
Not quite sweetie, just because you aren't in america doesn't mean you're off the hook for american taxes :^)

YOU IRS NIGGERS WILL NEVER GET MY COIN HAHAHAHAHA

OH YOU WANT A CLAIM FOR 2016? :) HAHAH NOPE

WHAT'S THAT FAGGOT? YOU WANT A 1099K FORM? EAT MY NUTS NIGGER HAHAHAHAH

FUCK THE IRS! HAHAHAHAHAHAH!!

If chickens are worth $3 each, and a goat is worth $15, and you trade me 5 chickens for one goat, then neither of us gained.
>We exchanged goods.

If I'm a lawyer, and I charge $500 for a will; and you're a carpenter, and you charge $500 for a wooden fence, and I agree to draft a will for you, and you agree to build me a fence, then no taxable event occurred.
>We exchanged services

If I have labor that is worth $50 per hour, and I work for 8 hours, and you pay me $400, nobody gained. No income event happened. I traded my time, energy and effort, and I received money.
>Same as trading chickens and goats.
>Same as trading services

I shouldn't be taxed on my wages. No income event occurred. It was a trade.

>Refute this

How many of you niggers have actually done all of your trading taxes?

I'm using bitcoin.tax, and there has to be some kind of mistake. After plugging it all into TaxAct it's saying I owe about $20,000.

I haven't cashed out anything. What the fuck, over?

Hi there
How do you hide your gains? i.e. how do you keep your hardly earned financial gains hidden from the government?
In my country, taxation on speculation is heavy and quite offsets the gains I might make while speculating on crypto currencies.

What's a stablecoin that i can lock profits in for a year so I
can save money on taxes? Don't care about gains, as long as it doesn't crash

Who here is NOT going to pay taxes on all of their trades, and why?

How much money does the IRS owe me for my losses now?

>>6323308
>So you say you lost all 4.88 btc you sent, but we have the transaction proving it was sent to a different wallet right here. I'll remind you tax evasion is serious and you'll be sentenced to jail if you try to get out of this without paying us our fair 65%

i'm looking for a dedicated forum to discuss advanced tax evasion strategies. help me out bros

So... now that the tax plan goes into effect on the 1st. Does that mean that we have to file taxes for every single trade or only if we have big gains like 10k.. ?

https://www.irs.gov/pub/irs-drop/n-14-21.pdf

They want a piece of everything. Every trade, every shapeshift, every mined coin, every staked coin, every fucking thing. All paid in USD and to the penny.

We are so fucked.