/biz/ - Business & Finance

Your taxes are due in 7 days. Pay your taxes

PAY YOUR TAXES

>>53766079
Did you report ALL of your income?

>>30126348
Are you sure sir?

Anyone legally avoiding taxes through crypto loans?

Trading Crypto to Crypto is a taxable event.

>>25137139
OH SHIT IRS TAX FILLING JUST FLEW OVER MY HOUSE WTF WAS THAT

>>24972983
Mission failed, we'll get em next time

>>22098687
Sure, but theyll just put you in prison until you do

and when you are inevitably forced to pay, youll have several months of compounding penalties on top

how many of you sold your linkies just now, unironically

>So, how did you get all this money?

>Americans have to pay taxes on worldwide income even if they are not residents in the US

AHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAAAHAHAHHAHAA

LAND OF THE FREE

>link burgers will pay capital gains tax on ALL of their future staking profits
>burgers can't even renounce citizenship otherwise they will be denied re-entry into the US forever
>not to mention they have to pay an exit tax

AHAHAHAHAHAHAHA IMAGINE BEING AMERICAN LMFGAO

>>19696895

Yes , this is the IRS Crypto Department. You are speaking with Mr.Basedovic how can i help you with your cryptocurrency related questions?

>>18942836

*heavy inhaling

"IN THEEEEE LAAND OOOOF THEEEE FREEEEEEEEEEEEEEEEEE!!!!""

Only in Americastan, you even dont get halfway working health care system for that tax amount KEK not to mention any welfare shieit when day trading shold be failing

>>17142096

eh...ehh... Sir we need to talk.

>you finally make it
>convert some gains to fiat and withdraw it into your bank
>your accounts are immediately frozen
>pic related shows up at your doorstep


how do you avoid this?

>blocks your path

>>15235464
thats still a lot bro

>>15003313

Letter 6174– this is a soft notice informing the taxpayer that there is a likelihood that they did not report their virtual currency transactions. The notice asks them to check their return and, if necessary, file an amended return to correct the misreporting. The taxpayer is not required to respond to the notice and the IRS intends not to follow up on these notices. In short, this is information only to the taxpayer and education on how they comply.

Letter 6174-A– this is a “not so soft notice” from the IRS. As in Letter 6174, this letter tells the taxpayer that there is potential misreporting of virtual currency transactions. However, this notices states that the IRS may follow-up with future enforcement action. Again, no response is required if the taxpayer believes that they are in compliance. Taxpayers who receive this notice should be aware that they have been put on “notice” that they have been identified as a noncompliant taxpayer for potential future enforcement.

Letter 6173– This notice requests a response from the taxpayer about the alleged noncompliance. The letter provides instructions on responding to the IRS. The IRS intends to follow up on these responses to determine if the taxpayer is in compliance.

Mass mailing of these letters will occur during the week of July 22, 2019, and continue through August. Taxpayers receiving this notice will have a special hotline and address at the IRS for any contacts and responses.

https://www.irsmind.com/audits/irs-begins-targeting-taxpayers-who-misreport-virtual-currency-transactions/
https://old.reddit.com/r/Bitcoin/comments/chgpmw/so_lets_talk_about_irs_letter_6174a/
https://old.reddit.com/r/Bitcoin/comments/chupoe/irs_we_have_information_that_you_have_or_had_one/

You are reporting your link gains, right anon? It would be a shame if you lose all of them or end up in prison

>>14273282

XMR 2022 @10k$