/biz/ - Business & Finance

What you faggots don't realize is that YOU WANT TO PAY TAX on your crypto gains, because the only way to launder money is to pay taxes on it.
Evading taxes by not declaring your crypto holdings and gains isn't only illegal but it's downright stupid because you essentially forfeit the right to ever cash out by losing the origin of funds.

Pay your taxes or get fucked really hard in the ass once you decide to buy anything substantial that requires official banking channels. This obviously doesn't apply to any of you faggots who have less than 6 figures and can get by on cash alone, but if you have 6 figures and above, don't be stupid and let your greed be your downfall.

Didn't think so. Join the /biz/ approved and official crypto tax advice Slack channel. We've done a lot of research already on how you can effectively outwit the taxman and it's all brainlet friendly.

https://join.slack.com/t/biztaxes/shared_invite/enQtMjk4MTgxOTk1ODMxLWU5YmE5NDRkMGVlYTgyY2U1ODdlMjU4MzdmNjhmMzM0MTJlNGZhZGMxZDk2MGQ2ZGEzMGY2MzQzZmRiZmI1MDA

Newbies welcome but don't just lurk, contribute.

Sup /biz/

We've recently created a Slack channel in which to share, discuss and plan for arguably the biggest menace crypto will be facing in 2018, taxes. The goal of the Slack channel is to discuss the current regulatory lay of the land, the most efficient ways to minimize your tax burden, the most crypto friendly tax jurisdictions, past experiences and others.

We will be conducting ongoing research, post resources we find, conversations we've had with official tax authorities and law firms who can provide with legally binding statements and any material that will help make educated decisions regarding your future moves.

Whether you're a crypto millionaire who's panicking over the prospect of parting with 50% of your wealth or an ambitious NEET who wants to maximize his gain profits, this is the ideal place for you.

Do yourself a favor and join our community today: https://join.slack.com/t/biztaxes/shared_invite/enQtMjk4MTgxOTk1ODMxLWU5YmE5NDRkMGVlYTgyY2U1ODdlMjU4MzdmNjhmMzM0MTJlNGZhZGMxZDk2MGQ2ZGEzMGY2MzQzZmRiZmI1MDA

Sup /biz/

We've recently created a Slack channel in which to share, discuss and plan for arguably the biggest menace crypto will be facing in 2018, taxes. The goal of the Slack channel is to discuss the current regulatory lay of the land, the most efficient ways to minimize your tax burden, the most crypto friendly tax jurisdictions, past experiences and others.

We will be conducting ongoing research, post resources we find, conversations we've had with official tax authorities and law firms who can provide with legally binding statements and any material that will help make educated decisions regarding your future moves.

Whether you're a crypto millionaire who's panicking over the prospect of parting with 50% of your wealth or an ambitious NEET who wants to maximize his gain profits, this is the ideal place for you.

Do yourself a favor and join our community today: https://join.slack.com/t/biztaxes/shared_invite/enQtMjk4MTgxOTk1ODMxLWU5YmE5NDRkMGVlYTgyY2U1ODdlMjU4MzdmNjhmMzM0MTJlNGZhZGMxZDk2MGQ2ZGEzMGY2MzQzZmRiZmI1MDA

While you may be able to find clever ways to escape capital gains tax for buying low and selling high, every single country in the world will tax you income tax on trading crypto, usually on every single trade.

I'll let that sink in for a moment.

What will you do when uncle Sam subpoenas every single centralized exchange in the world and then shares your data with your local tax authority?

When did you realize there is literally nowhere you can go to avoid taxes on your sweet gains?

>trade crypto
>67% tax
welcome to germany

where do I go to not pay taxes on my gains? are there any crypto friendly countries out there?

How will you biz whales avoid taxes in your country? My dear country, France, will take 33% of my gains if I cash out yo

Crypto millionaire checking in again.
Srs question, which one of these will let me cash out CAPITAL TAX FREE?
-Local bitcoins (lifetime of grocery money, no large purchases)
-Offshore bank account (HK, Macau, Singapore, etc) But they still report to IRS in accordance to FACTA for amounts over 10k right?
-SALT loan whatever bullsht
-Monero bullshit
-Funneling cash through LLC and listing tons of bullsht expenses.
WHICH ONE OF THESE ACTUALLY WORKS and lets me buy my lambo/house, stress free
TY.

Burger here who wants to renounce his US citizenship due to the next bullshit crypto tax regime, also sick of this fatland in general
Where should I move to minimize my taxes?

Currently a crypto millionaire, can anyone please tell me how to avoid giving the greedy money grabbing IRS 30% of my hard earned money?
Im in HK right now and can open an international bank account but I heard they report to IRS too, does anyone have contacts in HK or Asia related to these matters?
Danks.

While you faggots are talking about your Crash-Hash-Cash, the fucking leviathan in the room is imminent tax plan. Companies are about to get the biggest tax break in history. The Dow is about to go hyper-exponential. Just look at the chart after Trump got elected, that was the mere expectation of tax reform, now imagine when it gets passed.

The exchange of BTC for fiat is taxed as capital gains. The exchange of a piece of paper with numbers and letters on it for fiat is the sale of a product?

How do I avoid paying taxes on cryptocurrency gains?

What's up senpai. I am filling out my taxes and probably about to get pissed off with this shit. I have a technology company that's an LLC and has an EIN. However, no one that I did work for received the EIN likely hasn't reported anything about me in their taxes. I did somewhere between 5-10k in business last year. I DID receive payment into a bank account associated with my SSN. Should I report this income? What do I do here? using hr block online

I've lived the NEET life until two years ago when I decided to teach English in China.

I had no idea I still had to pay taxes working in a foreign country. I've never even had to pay taxes before. I have no knowledge of taxes whatsoever!

What form am I supposed to submit? How do I submit it? The internet is useless. You may think, "he didn't look hard enough," but I even enlisted the help of family, and they also were aghast at how there was nothing on the internet about this.

And I tried contacting an accountant. Each and every one either said they weren't taking on new clients or that they were unfamiliar with the protocol.

I'm fucking scared, /biz/.

What does /biz/ think of BTA currently proposed to Trump by Ryan & Brady?
In depth: https://piie.com/system/files/documents/pb17-3.pdf

tl;dr
>companies in USA can deduct exports from their corporate taxes
>companies outside the USA have to pay taxes to import into the USA