/biz/ - Business & Finance

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Tax man / This affects all of (...) Fri Nov 10 02:23:11 2017 No.4279393 [Reply] [Original]

Ok enough about segwit2x and your shitcoins. this affects all of us.
In the US where our tax code is super fucking unaccustomed to assets like BTC. (you can thank the drews) how do we survive and not get audited and fucked by those scoundrels? what exchanges will report you. how do i avoid jail time and report the taxes correctly. or do i move to thailand?

>>	Anonymous Fri Nov 10 02:32:30 2017 No.4279453 File: 34 KB, 500x375, 1506301399725.jpg [View same] [iqdb] [saucenao] [google] Why don't you just pay your taxes? Just a thought

>>	Anonymous Fri Nov 10 02:37:04 2017 No.4279480 >>4279453 Do you know how to read?

>>	Tax man / This affects all of (...) Fri Nov 10 02:37:19 2017 No.4279481 >>4279453 the way it is setup right now. even if i tried to report correctly. they would still jew you. its the biggest hurdle BTC and this whole community will deal with. There is almost no way to legally execute this.

>>	Anonymous Fri Nov 10 02:38:12 2017 No.4279486 >>4279393 Luckily I used btc-e so the gov already has my tax info.

>>	Anonymous Fri Nov 10 02:39:30 2017 No.4279493 File: 22 KB, 450x397, 1356732164277.jpg [View same] [iqdb] [saucenao] [google] >>4279393 >This affects us all Not us Britbongs. Only 3rd worlders and Ameriburgers

Tax man / This affects all of (...) Fri Nov 10 02:41:08 2017 No.4279500
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well thats good for the little guy. i found this. the irs is not interested in the little shrimp. but remember friends. bitcoin ATM's are your friend.

>>	Anonymous Fri Nov 10 02:43:10 2017 No.4279519 File: 53 KB, 700x525, ehkns13r69tx.jpg [View same] [iqdb] [saucenao] [google] >>4279481 You might be retarded if you believe that. All you have to do is report your gainz as income and pay your taxes.

>>	Anonymous Fri Nov 10 02:45:10 2017 No.4279539 >>4279393 >he keeps "his" fortune on KYC/AML (((exchanges))) where he doesn't even control the private keys Lmao. Get fucked.

>>	Tax man / This affects all of (...) Fri Nov 10 02:46:12 2017 No.4279553 >>4279519 if you actually read into how this works. you have to report ALL OF YOUR TRADES. if you buy BTC and trade it for any other asset then the gain is realized then and there. its a complicated matter.

>>	Tax man / This affects all of (...) Fri Nov 10 02:47:26 2017 No.4279560 Everyone is so combative and insecure. we are not even talking about competing coins you fags. why the hostility?

>>	Anonymous Fri Nov 10 02:49:15 2017 No.4279576 File: 25 KB, 525x704, 1506298156993.jpg [View same] [iqdb] [saucenao] [google] >>4279553 oh your tiny little brain can't work out how to report your trades? Okie then

>>	Anonymous Fri Nov 10 02:51:03 2017 No.4279589 File: 68 KB, 600x737, d5c.jpg [View same] [iqdb] [saucenao] [google] RENDER UNTO CAESAR

Anonymous Fri Nov 10 02:55:24 2017 No.4279616

>>4279553
Not even close to how shitcoin trading is counted by the IRS, they're only really interested in when those gains are converted into fiat currencies, or when the Bitcoins are used to buy stuff. Only other time to worry is if the coin you're trading for is used to buy things of tangible worth in your country.

>>	Tax man / This affects all of (...) Fri Nov 10 02:56:48 2017 No.4279626 >>4279576 do you even know what index the IRS uses as a means of determining the market value of a crypto. no you dont. this shit isnt like gold. highly volatile. lot of room for misreporting. eeer i actually had a loss!!

>>	Anonymous Fri Nov 10 02:58:15 2017 No.4279636 >>4279626 they don't need to use an index you dip You really are fucking retarded

>>	Anonymous Fri Nov 10 02:59:19 2017 No.4279650 File: 259 KB, 700x1000, 1506297923432.gif [View same] [iqdb] [saucenao] [google] Woops forgot the funny pic

>>	Tax man / This affects all of (...) Fri Nov 10 03:00:18 2017 No.4279659 >>4279636 when you make a trade of btc (realizing the gain) then it does matter to the IRS for whatever extrapolated number they give you as a bill.

>>	Anonymous Fri Nov 10 03:02:15 2017 No.4279673 File: 67 KB, 403x451, 1504664165278.jpg [View same] [iqdb] [saucenao] [google] >>4279626 >>4279636 kek

>>	Anonymous Fri Nov 10 03:02:15 2017 No.4279674 File: 47 KB, 692x555, 1505800052104.jpg [View same] [iqdb] [saucenao] [google] >>4279659 Yes but they don't need to use an index, they just need you to tell them how many USD you got when you sols you idiot

>>	Anonymous Fri Nov 10 03:05:07 2017 No.4279698 Ya need to move bro

Anonymous Fri Nov 10 03:05:09 2017 No.4279699
File: 120 KB, 622x731, 21942287_10154661068642827_1768204856_n.jpg [View same] [iqdb] [saucenao] [google]

'dear IRS

I purchased 2 tardcoins for $100 and sold them again for $200 worth of anal lube so my taxable income is impossible to determine cause i'm a retarded mouthbreather pls halp'

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