/biz/ - Business & Finance

Anonymous Mon Aug 24 14:22:32 2020 No.21829657 [View]
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Can anyone confirm if you pay tax on the quarter of the year you cashed out like 50k plus?
Also, can't I cash out first then have the money to hire a CPA to sort this shit out?

I've always had the idea to put away 40% of what I cash out to pay for the taxes at the end of the year and have a CPA figure it out. Also what happens if I have the exchange wire a large amount to my bank, would there be an account freeze or would they just fill out a large transaction document and send it to the IRS. Would that document bee needed when filing end of the taxes. The final stretch is what confuses me the most.

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/biz/ - Business & Finance

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