/biz/ - Business & Finance

>>50788637
i paid. i sleep like a baby

>>50788652
>gets fined anyways

>>50788660
fine me for what?

>>50788664
for - fill in the blank

>>50788664
For being gay. Simple as

>>50788637
B

>>50788637

most of the people they will catch don't have the money to pay

>>50788637
Dont care
Never paying taxes

>>50788637
Yeah good luck with that. Not saying they wont try, but again - good luck with that.

>>50788717
>surely the immutable transactions on the blockchain that will last until the end of time will never come back to haunt me

>>50788702
> most of the people they will catch don't have the money to pay
yep and as a result, the government will offer a deal where they won't face arrest IF they agree to be conscripted into the military to fight China and Russia as penance.

hope you cryptofags are ready to get fucked!

>>50788740
every time in history the states did this
the state was no more

>>50788760
you think the government cares about the government? AHAHAHAHAHA

already compliant

>>50788637
Who the fuck works at the IRS? I have NEVER met an IRS employee. Though, who the FUCK would ADMIT to being an IRS employee? Automatically nobody wants anything to do with you, even your own family.

>>50788759
indentured militias have historically never worked

>>50788803
> indentured militias have historically never worked
correct. the goal isn't to win the conflict, it's to put more of the citizenry into the meat grinder. just another step on the globalist goal of depopulation.

>>50788794
the first person to win Who Wants to Be a Millionaire was an IRS employee

>>50788637
I've always paid mine. Good luck to those who haven't.

>>50788637
While they're at it, the federal government should get the SEC to regulate all cryptocurrencies as securities.

>>50788664
lmao 3 letter agencies don't need a valid reason to fuck your life over

>>50788871
>booed by the audience

>>50788900
i welcome them coming after me so I can counter-sue for millions

>>50788919
How many people do you think win lawsuits against these agencies?

Larp. So many lost money in the tens/hundreds of thousands. Think Luna on a bigger scale. They don’t want that problem

>>50788931
whichever ones have extensive paper trails as evidence such as me

lol what gains

>>50788637
Do they levy bullets?

>>50788637
i paid short term cap gains on things that should of been long term cause I didn't keep records. Not worried at all. I'm more worried about the pain in the ass there going to cause me for using the foreign earned income credit on top of making 50k in crypto. I paid all my taxes and I have (at least I think) a good accountant but i'm sure there going to be a pain in the ass and audit me anyways. Especially with a w2 and 1099 income.

>>50788759
lmao they cant even stop blacks and druggies from shitting up and burning cities down. You think they can do a draft right now? The only people they boss around is the middle class because they know they are cucks. They'll let juan, jamal, and ernest sling drugs, kill people, and burn shit down cause they are scared to tell them no.

>>50788794
>who the FUCK would ADMIT to being an IRS employee?
They'd best never admit it around me.
Shit, I'd disown family members if any of them worked for the IRS.
>>50788637
Fuck you, you filthy shitstain. I hope you hang for treason.

>>50788996
>You think they can do a draft right now?
Of course. Governments are VERY good at two things: drafting armies and collecting taxes. If you think otherwise, you're delusional.

>>50788637
cool story nigger

>>50788966
You have a big ego. The government will end your fucking life if they want to

>>50789142
>the government will send me to jail with zero evidence in a court of law
>The government will end your fucking life if they want to
literally anyone can end your life if they want to

>>50789075
oh yeah? Is that why it took them till 1910s to implement the first income tax? Lmao no. You've never even lived in most of the world. Even still it's impossible for shit hole countries (I.E 80% of the world) for them to collect taxes. Only good boy whiteys and japanese/koreans pay taxes.

an IRS agent just flew over my house

> POV: you’re an IRS agent who knocked on my door .2 seconds ago

>>50788664
>he fails to understand the concept of anarchotyranny and lawfare

>>50788637
>everyone who traded 600$ on crypto
>80,000 agents
What a shit larp. 95% of those at such a threshold are so poor they dont even pay taxes on it.

>keeping my massive gainz in stablecoins since 2015

yeah, nah senpai. ngmi.

>>50788664
>he thinks they need a reason

>>50789215
The government can do it without repurcussion

>>50789277
Then prove me wrong and don't pay taxes on your crypto. Hope you like borscht, as you'll be eating a lot of it in a russian gulag once the Democrats send you over there for war.

>>50788637
they won’t do shit faggot. the irs is technologically retarded as fuck, crypto is evolving faster than the irs can do anything about it. go back to plebbit with your larp

>>50790996
I don't have to retard. There enough legal ways to not pay because the gov sucks. Why do billionairs pay nothing? What were the Panema papers? Why was trumps tax returns almost 0? why does buffet pay less than his secretary? I own real estate, i get the foreign earned income credit up to 107k. I pay 0 on crypto other than last year because i swing traded it for fun. Stay poor faggot instead of learning the game.

>>50790965
>The government can do it without repurcussion
sure

>>50788637
>get audited for crypto trades i didn't report
>$2000 in losses
>IRS owes me money now
sweet

>>50788664
The ATF spends all day figuring out ways to fuck law abiding people over. IRS isn't much better.

>>50791037
>There enough legal ways to not pay
it's not about not paying
if you bot or trade regularly the it costs $500 for the fucking software to file the taxes right.

why would you spend $500 on software to report trades that are a net loss?

you also get a free $5000 in cap gains every year or something that's totally tax free.

>>50791061
Retards on here don't even know crypto can be wash traded. The IRS is only going to get middle class and poor idiots. The rich know the rules or know people that tell them how to play the game (like accountants). The crypto cash is going to wipe out hundreds of millions of taxes for the rich because they sell at a loss and the rebuy right away.

>>50791086
yeah no shit just hold. Who fuck would trade unless you renounce your citizenship if you live in the USA or live overseas in other countries. Then it's tax free.

>>50791089
if you made less than $5000 on crypto trades or whatever the free cap gains amount is i don't think you have anything to worry about.

if you made 5 figures in crypto; in straight gains; and you didn't pay a tax lawyer to file for you or atleast use the software then you deserve your fate.

pretty sure the vast majority of people investing in crypto though, even retarded whales, come out with net losses far more than net wins.

this is why in bongland they make the exchanges publish their users winrates / PNL (which is always terrible 95% of traders loose)

>>50791048
Im glad we agree on that

>>50788637
>the government will efficiently deploy this infrastructure and come after all of us
sure thing pal, I know how slow government IT workers are.

>>50791114
i bot and make 1000 trades a day (atleast, if it's gridding then it could be 10,000); with a laughably low amount.

that's 4 million trades over the course of the year.

you would need a stack of paper ten feet high;
i wonder how this even get's sent to the IRS.

does the tax software digitally file 50,000 pages for you? (trading $100 for a net loss of 40%)

>>50791121
theres so many ways for them structure holding companies and stuff around crypto. It's more then just net win/lose and only get the 5k. They going to write off shit loads of thing and impairment losses for their companies. Also just imagine you sat on spy for 5 years. It went up 2x. You sell and get your cap gains. Now crypto crashes. You sell at a loss the same amount you took in gains from spy and rebuy it. Now you owe 0 even though you just cashed out millions in spy

>>50791157
Then you have to renounce your citizenship and move overseas. If your not profitable then why are you complaining about it? wait till you get good enough to be making enough money where it matters.

>>50791157
They have automated software that tracks it and it's up to you prove to them that they are wrong. In other wards burden of proof is going to be on you which could fuck you if your bot trading friend. Thats what im saying its people like you going to get fucked. Better off just paying it if you get audited (i'm not a tax expert get an accounant)

>>50791217
i don't even have records on a lot of this shit especially on BSC.
it's all laughably low amounts, probably $100 total loss on shitcoins.

like many i assume I had no idea what I was doing when I started

no joke though i'm paying much more attention to tracking.
there are more products on the market now that integrate with all this crap i've gotta just pick one.

i think kucoin won't even give you more than 3 months worth of trade data...
if I can't get it; how the hell is the IRS going to get it?
how do you even report in that case? if the exchange itself refuses to hand over the trade data to even you?

>>50791217
What about people cashing out over a while. Won't I just get hit with a bill and penalties?

>>50788637
still not paying taxes on my crypto ever

>>50788702
>>50788716
>>50788717
>>50788794
>>50788919
>>50788931
>>50788946
>>50788966
>>50789029
>>50789080
>>50789431
>>50789613
>>50789729
>>50791121
>>50791157
>>50791304
>>50791314


If you don't pay your back taxes on crypto by October 14th you will get audited-guaranteed. If you don't pay the IRS will put a tax lien on your property and garnish your wages. They target the poor and middle class because they usually don't have the resources to hire expensive attorneys. The fines alone will bring in billions. Just get your back taxes paid before October 14th and you shouldn't have a problem.

>>50791314
>Won't I just get hit with a bill and penalties?
the IRS swat team is going to kick in your door in the middle of the night and shoot your dog because you didn't pay your $100 crypto cap gains

>>50791326
How do I find a lawyer to help?

>>50791326
>If you don't pay the IRS will put a tax lien on your property and garnish your wages.
>property
lol
>wages
lol
>assets
lol

your forgetting 95% of traders have net losses not gains and are poor

>>50791344
:( I don't want them to touch my pee pee!

>>50788996
you're a fucking idiot.
they dont let them do this because they are scared of them. they let them do it because they pay their taxes, why should they stop jamal from selling drugs when he pays his taxes. have you ever considered that they only exist to extract wealth from you and not some moral higher cause.

>>50791314
No idea friend I've never been through an audit. I have an accountant for my stuff and pretty simple business. It's always recommend to talk to an accountant before you start making money. You plan out two years in advance so you get the tax advantages/paper work you need before you execute. Why not find an accountant that you consultant with when you need too? Just pay him for an hour of time when you have questions.

>>50791304
yeah man it's going to suck for people. This is why the IRS has always been evil. Big fish/upper middle class give no fucks and don't cheat on their taxes/make mistakes. They get audited all the time as part of their business process and end up paying nothing or very little. It's the small business and self employed who are the "evil tax cheats" the left talks about because they don't have the money or business models to get the right accountants/tax break/credits etc. It's truly evil and very inefficient for the government.

>>50791304
Inb4 go back. Read the comments of the OP
https://www.reddit.com/r/CoinBase/comments/r0033r/irs_audit/

>>50791126
Kill yourself, worthless IRS nigger. I would strangle you to death with my bare hands, just as I shall do to the Antichrist.

This actually didn't happen in the bill at all, keep on slurping the koolaid

>>50791326
Don't have wages to garnish.
Don't have property to lien.
Don't have bank account to freeze.
Just live with my parents who know I've got over $2m in private custody earning passive income, and set up a way to pay them easily OTC. Checkmate alphabet crew. When you're too autistic to care about social status and thus don't need dumb shit like fancy sports cars or McMansions, they have no control over you.

>>50791304
Wrong bread sorry. it's this thread
https://www.reddit.com/r/BitcoinMarkets/comments/thg7oi/my_irs_audit_experience_a_work_in_progress/

>>50788664
>Show me the man and I'll show you the crime
>The process is the punishment

>>50788664
fined for not reading the fine print goy. Just look up Gordon Kahl and not the wikipedia jew version.

>>50788888
I forsake your quints

>>50791304
Good thing for you if your using non kyc and the IRS has not started tracking you your just illigal but they probably dont know about it yet. Your settitng yourself up for future pain though once they mandate you dislose if you bough any crypto or traded on a tax return. I think this year they finally did that. Penalties will be stiff you if you lie about it.

>>50791499
So is OP another irs fear mongering shill?

>>50791496
Uh
I'm not IRS. I hate the government.

>>50791478
>yeah man it's going to suck for people.
really though it's effect on the poor is minimal

worst case scenario IRS comes down and says YOU THERE you owe 100% cap gains on all of your crypto purchases.
>But I took a loss!
>can't prove it, IRS says you still have (no cap gains then? and never sold)
how do you prove you no longer have something? especially with retards who just loose their wallet keys with millions or forget their password.

if you can never sell you can never be taxed

if you just look at the fiat on/off ramp then you can judge based on that.
>I bought X
>I now have Y
if X > Y; cap gains.

worst case scenario I guess is if you get with with cap gains as if it's just straight X; your going to pay a flat 40% on everything you bought as if was straight profits.

40% of poorfag investment tier monies is still not a lot (I imagine most would be <$10,000, probably closer to $1000)

so 40% of 10,000 is $4,000
owing $4,000 to the IRS is the worst case scenario; which you can pay off over time

most people would get hit with <$1000 bills in a worse case scenario; and most people get more than that back in taxes, so these people just wouldn't get anything back on their returns that year.

also remember you get a free $5000 or whatever cap gains tax free anyway.

i still think this is mostly going to effect whales, if you made 5 figure gains and didn't file your taxes then your fucked and retarded. who makes $10,000 in profits and then think they just won't pay tax on that.

>>50788637
the smart play here is to wait them out because in a year all the debt you own will have the buying power of "a small coffee at mcdonalds"

seriously: if they like money that much, why don't they just print it? (oh wait, they do ...)

>>50791555
My quints beat your trips. I win, simple as

>>50791326
get fucked faggot

>>50791585
thats what i did with my swing trade of eth and hand full of shit coins that was about 40k in profits . about half of that was long term cap gains but i didn't keep records of the stuff so i just paid it out as income. But you have to remember a lot of the middle class is living pay check to paycheck levered with stupid consumer debt and fancy houses. I bet a lot made 20k that will not get audited for a few years and then they will have stiff penalty and really be put into a bind. I had an aunt that was a vice president at bank of america ( I think thats a useless title the give it out like candy i've heard) and somehow she was paying the irs back taxes for 5 years. How does that happen as a w2 wagie?

>>50791529
this seems to be the key point here under a worst case scenario
>Every time I sent something out of the wallet and I cannot tie to a real sale, or an exchange for good (like a financial Report) is considered a sale. That taxable income is based on the cost basis--and these little sales will change every cost basis from 2016 to 2022. It screws up thousands of transactions.

>Every time you get bitcoin or any other crypto coming into your account and you cannot account for the purchase, it is assumed that the income crypto is INCOME. And that is the cost of the unit for your cost basis.

transfer (out) = sale
transfer (in) = buy

>>50788888
>t. doesn’t know what securities are

>>50791657
>But you have to remember a lot of the middle class is living pay check to paycheck levered with stupid consumer debt and fancy houses.
this is exactly the problem

if your botting, your probably not using next-level tier shit you wrote yourself; your using exchange bots which generate thousands of trades and suck anyway.

retail does this with small amounts.
the majority of these situations are situations where you to pay FIVE HUNDRED DOLLARS to file taxes on your ONE HUNDRED DOLLAR investment (which was a loss)

>>50791703
if you have 4 million trades there are no cheap services.
all the free crypto filing services have <100 <1000 <10,000 caps

unlimited, which your going to need the moment you fire up your first bot, and your fucked. you should be able to file yourself, but how would you even start? and surely that's asking for an audit.

>80k new irs niggers
>all assigned to the crypto clan
>they don't even know what a json parser or a wifi pineapple is

>>50791326
Around 1% of tax returns ever get audited in any given year, what will it be now, maybe 2%? Dumb gorrila nigger

>>50791743
>make 90000% gains
>oops some hacker stole my private keys i swear!
i don't think this is going to work.
but how is that going to work? people get hacked all the time. are you going to have to get a police report every time so you can file it as a theft on your taxes? with who? pretty sure your local police department isn't going to give a shit or give you paperwork on it.

There are no crypto laws.

>>50791783
and are rugs loss or theft?
everytime i invest in a shitcoin should i call the cops and get a report done so I can file it on my taxes?

should I call the police station 5 times a day? maybe we can set up a weekly meet up to discuss the 50 thefts I get every single week on BSC so I can get an official police report every single time.

I'm sure the local PD would love that.

>>50791783
my local PD knows me as a based retard who hits on the female cops when they pull him over for drifting the traffic circles at 3 AM

OP here.. this thread is just a larp.

>>50791811
>excuse me police?
>yes yes I have another one
>i just invested $5 in NIGGERJEWCOIN and the dev's took off with my money
>yes i will need a report again for the IRS

what about rugs where you literally cannot sell that's the entire point?
they don't just pull LP they set tax 100 so it's impossible to sell

how are you supposed to file that?
how are they going to track scam airdrops?

>>50791877
you talk about rugs a lot
are you a carpet salesman?

>>50791877
Once this takes effect, I'm going to airdrop everyone on Polygon "Tax Bill Inu" which will have a pegged value of 1 million dollars. Since airdrops are taxable as income at the market value of when it was airdropped, every US wallet will be responsible for about 200-300k in taxes.

I sleep soundly every night knowing the IRS is taking everything from my peers, and soon they will come for me

>>50792091
Same.

>>50788637
Never sold
Never paid

>>50791877
If you don’t sell scams or rugs, you don’t have to pay taxes on them as you never made or sold anything. You can count them as a loss if you send them to a burn address.

>>50792370
If you received a scam airdrop, it's counted as income for fair market value upon receipt whether you asked for it or not. One could make a token valued at $2m per because of the liquidity they supply (you can do this with just $1 if you do your math right) and airdrop you $2m tomorrow. Now you owe income tax on $2m of a token that's worth $0 but technically was $2m when it was sent to you.

>>50788637
>>50791326
reminder that the IRS does not have the resources, this whole thread is just an attempt at getting people to hopefully comply by using the standard fear tactics.
Have a redpill reminder about how income tax is voluntary - see voluntary compliance

Irwinn Schiff told the truth
https://archive.org/details/irwinschiffshowa00schi/page/n11/mode/2up

i just spent the last 4 HOURS fucking with this after this thread.

Coinledger is the only one that's reasonable price wise for unlimited trades... and it can't import kucoin, because it doesn't support margin / futures ( literally fails the import ).

without the import EVERYTHING get's marked as income / short term cap gains, ALL TRANSFERS MULTIPLE TIMES

$100 investment = $2000 in CAP GAINS

Kucoin doesn't support any of this tax software yet, it's all fucked.

Is there an easier way to track?
If I buy XLM or USDT on coinbase, and just send it to kucoin (mark it as a withdrawal for taxes).. and then just report all incomming from kucoin as income (100% cap gains), is this a legit way to do it?

basically just don't report kucoin trades at all.
$100 in XLM went from coinbase to a wallet (kucoin); no taxes here, it's a transfer if you have the records.
>let's say it 2x's
Send $100 back from kucoin to coinbase to withdraw
Can you just mark that transaction as income and pay cap gains on it?

The problem is obviously when there's losses involved. If you file taxes by essentially just not filing anything behind kucoin, and paying cap gains on all kucoin -> coinbase... what happens if you loose?

now the IRS thinks you never sold all that crypto when infact you lost it trading.

WHAT THE FUCK AM I SUPPOSED TO DO IF NONE OF THE TAX SOFTWARE SUPPORTS THE FUCKING EXCHANGE

none of this software cleanly supports DEFI either. I tried importing my XLM wallet and oh fucking now; you gonna have to type in every transaction by hand.

>>50791326
Good thing I have only bought high and sold low

>>50793684
oh no your still gonna get fucked
if you don't have records ALL TOKENS RECEIVED ARE HIT WITH CAP GAINS

>send $100 from wallet A to wallet B
>no tax on withdraw from wallet A
>40% cap gains on wallet B; you owe $40

>send $100 from wallet B to wallet A
>no tax on withdraw from wallet B
>40% cap gains on wallet A; you owe $40 ($80 total)

>send $100 from wallet A to wallet B
>no tax on withdraw from wallet A
>40% cap gains on wallet B; you owe $40 ($120 total)

WITHIN 3 TRANSACTIONS YOUR CAP GAINS IS NOW MORE THAN YOUR INVESTMENT DESPITE DOING NOTHING BUT TRANSFERING
this is what all of the crypto tax services are calculating

>>50793728
That's never going to fly.what a shit thread.

>$4 off a learn to earn
>promptly dumps to 40 cents
>can’t even sell it to report the loss
>report as 40 cents earned
>didn’t donate to Biden
>fined $5,400

>>50788637
The joke is that this post is a LARP, but so is the IRS.

>>50793835
>$4 off a learn to earn
oh ya the tax software picked right up on that
straight cap gains

>>50791326
This.... people have no idea how wide the IRS is going to leave their buttholes gaping after this

>>50793806
>That's never going to fly.
that's straight from coinledger and koinly
i hope you kept every wallet private key you've ever made since crypto started to prove transactions or your going to get with with cap gains 45 seperate times on the same bag for every transfer

>>50793911
If I pay taxes I won't have to do that?

>>50793926
Sorry son, the IRS takes no prisoners

>>50793997
I have all my wallets anyway. Suck my balls.

>>50793926
you better pray the tax software got it right

none of this tax software seems like it's 100% capable of calculating anything if you have tokens moving around. it only "works" because when they can't figure something out they just go the safe route and charge you with 100% cap gains on whatever the transaction is.

this is going to be a literal nightmare for anyone doing cross-exchange botting, where the bot is now initiating it's own deposits / withdrawals (multiple times per day). and this shit tier tax software that costs $1000/year to use just labels everything as income and hits you with cap gains.

this situation is fucked. the current tax software available is incapable of doing crypto taxes without defaulting to paying more than you invested in the first place ( must less actual cap gains on your wins)

>>50794055
>oh i'll do my part and be a good goy and pay my taxes, let's import it all and see where we're at!
>can't be that bad i only bought $100 in BTC! (and after my shit trades i only have $10 left)
>I might actually get a refund!
.....
>oh look crypto is so neat, i can use it to pay for stuff too! let me move some usd from my bank account to pay bills in BTC and not trade at all!

>total BTC bought: $300
>transfers: 75
>Cap Gains: $10,500
>tax bill: $4000
people are gonna get tax bills 10x their initial investment by DEFAULT

>>50794055
Funds are not safu faggot >>50794005

>>50788637
How is the shampoo/cond/toothpaste?

>>50794094
Lmao it’s coming, why do you the IRS just bought 700k of ammunition?

>>50794136
Nigger, every government funded entity has been hoarding ammo to keep prices up. Even USPS has been hoarding ammo, and some of the limp-wristed retards that they hired are straight out of a starbucks barista. Your concern shilling is fucking pathetic and should suck start a shotgun, faggot.

>>50794173
Look up Ed and Elaine Brown faggot

>>50794136
it's funny but it's fucking not
i'm not fucking around i do a million transactions a year with a $100 bag. obviously the bot starts printing i'll increase the investment....
but i have no clue how i'm going to deal with this.

most of these crypto tax software companies cap at 10,000 transactions and want to charge you $10/10k after that.
they want A THOUSAND DOLLARS to file taxes on swinging a $100 bag around split on 50 pairs

>>50788664
>>50788637
it never ends

>>50788740
Not after THE PURGE™ that's coming to Ethereum

>>50793644
don’t do anything. they use the same shitty software as you and it doesn’t even work

>>50788637
Do you realize how much the government would owe biz as a whole in unpaid tax loss harvesting? All we do is buy high/sell low.

>>50794315
And that's a good thing! You get to worship your god the state more than ever before!

>>50788637

>>50791326
fuck you kike nigger piece of shit. KYSSSSSSSSS!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>50788637
>>50791326
kys fucking jew nigger
>irs can kiss my ass

It's all fake and gay, become a pirate. Buy gold and silver with your gains, don't pay taxes or keep money in a bank account. Deleverage yourself in property or assets that tie you down physically to location. Don't pay taxes. Coast around in a van with your booty (loot), and acquire more with crypto / stock gains. If you must, bury your loot and keep nothing in your name, have nothing on paper, but everything physically. Do not report your goods and earnings!

>>50795294
Larger version with typos fixed

>>50791326
>>50793881

its a good thing Americans have the 2nd amendment and will blow your heads off come the final straw. America is long overdue for a revolution, the IRS should be prepare their asses.

>>50788996
Kek what a gullible retard

Yeah, amazing how many people still don't realize Joe Biden is gone. Dark Brandon has risen.

He is coming for your crypto just as soon as he gets done flaying the faces off the January 6th prisoners in their dungeons for Halloween masks. He needs money for his cancer cure moonshot and to lend lease Ukraine a few stealth aircraft to fuck over Russia royally.

This dude has mega meme energy and just wrecked up a month of solid massive wins.

He is so not fucking around.

>IRS insider
you mean a panic raising glowie?
since when do they confess it on here

Tax fud rejected, still loading up on API3 and not even thinking about paying any taxes on crypto

>>50788794
I went to an IRS office very close to my home once just to ask for forms. I figured I would be easier than buying a new printer. The one employee I spoke with was possibly the biggest cuntiest bag of shit I have ever encountered at any type of government office. I hope she has since died painfully.

>>50788740
Just use 0xTIP by 0xMonero. You can’t track off chain transactions.

A lot of White Nationalists became rich off crypto, and it's been providing a lot of funding for the movement. This new IRS bill is them getting ready to do a mass auditing of all wealthy White Nationalists and even Trump supporters.

>>50797512
>>50797512
very likely she took the clot shot. What a time to be alive...all our enemies have likely injected poison into their blood stream and are going to keep injecting it and die.

they need to build bigger prisons for the cryptotards

>>50794055
Then why would anyone pay then?
> Pay your taxes or you will be audited
> If you pay your taxes you will still be audited.
Fucking kike fuck off.

>>50797512
How were they being a cunt?

>>50799885
you pay interest and penalties on top of the taxes if an audit reveals underpayment.

If you make under 40k in the US you don't pay capital gains tax at all. It's 80k for a family. You should be able to live off of 80k per year in crypto gains and not work or pay taxes. enjoy.

>>50788637
Just curious. How are they going to track the transactions of bizfags who have been using privacy solutions for their transactions and assets?

>>50788637
NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER

>>50791326
Even with 80,000 more agents (which they won't get. It will take years to vet and train and on-board that many new employees) the IRS doesn't have the power to start fucking with private finances without opening an investigation, starting a court case, assigning lawyers, serving and going through a very long, very expensive process to get a couple thousand dollars from someone who forgot to list a few crypto transactions on their last tax return.

>>50788664
For being White in a White country.

>>50788637
What if all I have done is lose money in crypto?

>>50788637
>dark brandon BTFOing tax-evading incels
Does this man get any more based?

>>50788760
Complete horse shit. States faced insolvency when they didn’t collect tax.

>Tax season
>Open Turbo Tax
>Did you trade crypto in 20xx?
>No

>>50788996
They absolutely can stop them. If you’re white you’ll find out very quickly that they can. They don’t stop niggers rioting because they actively support it. Fuck are you also one of those retards that thinks the 2nd amendment actually protects anything while having complete cognitive dissonance over your belief the president stole the election while you do nothing about it with your guns?

>>50800066
true but most states tax capital gains as ordinary income ontop of the federal taxes

>>50800334
dangerously based

>>50800362

Who even enforces state tax law?

>>50800396
state tax authorities / auditors.

>>50800467

I figure they must exist but I've never heard of anyone having any kind of interaction with them so they must not be super vigilant

They don’t even need IRS agents. Coinbase will automatically report you to the IRS if you profit $600.

>>50788637
Imagine having that idea after having fucked with people's freedoms intensely for more than 20 years, after destroying the economy by bullshit regulations, after having provoked a systemic multiorgan failure by the most irresponsible pandemic measures implemented ever. Imagine that in this situation, with many people having nothing left to lose, you think to yourself how to fuck them up even more. And then, you got the idea: Let's give a bunch of money that we don't have to the institution that will make some desperate lives even more desperate by putting out fines to people that can't pay the fines, and make sure to close the loopholes that let people breathe in a increasingly oppressive system.

What could possibly happen if they do this? Fuck around and find out.

>>50800362
Thanks, I didn't think of that because I'm in a state that doesn't tax it.

>>50800149
If they rush in hiring I'm going to get a job there.

>>50793644
>Kucoin doesn't support any of this tax software yet, it's all fucked.
add the csv manually retard

>>50788637
I’m registered to every single KYC exchange on planet earth, I’m on like 30 exchanges and I have 10 crypto debit cards.
They will waste so much time chasing ghosts, it’s all a giant smoke screen, I only buy on BISQ

>>50788664
For fun It's the IRS. Why the fuck are you sucking the cock of the IRS? What the fuck is wrong with libshits?

>$600

Bullshit. OP is a paid IRS shill trying to scare people into reporting their tiny profits. IRS doesn't even care about people who makes $600 on fucking ebay so of course they don't have the time or resources to check on every person who made measly $600 profit. If your profit is under $20k they don't give a shit and don't have the time or resources to care about you. You are filtered out from their reporting system.

>>50800848
>I only buy on BISQ
i'm pretty sure they can know that watching your bank transfer

>>50800848
OP's post is the typical "IRS bluffing". 80,000 new employees my fucking ass. And as soon as they have to jump from 1, 2, and 3+ exchanges to track your shit they will close your case unless you are making over $100k-$1M or somewhere in that ballpark.

>>50800903
>he thinks Democrats are hunting down tax revenue from the extremely efficient billionaires and not him
You also just had your tax raised.

>>50800967

From what I've read they go most aggressively after those on welfare because they're low hanging fruit and always filling out their returns incorrectly/stealing from the government

>>50794315
income tax is such a fucking scam

>>50801038
correct and that is enforced on you
you do not consent to it
you are just golem cattle

>>50800954

Kids like you saying shit like "hehe good luck tracking my trades mr IRS man kekistani lel lel" make me laugh hard. Newsflash dipshit when it comes to taxes and the IRS the burden of proof is on YOU.

>>50801120
>kekistani lel lel

Wow, you sure have a good understanding of the board culture of 4channel.org in the year of 2022! You are definitely one of us fellow 4channers and I respect your post which is not glowing at all!

>>50800925
I’m pretty sure I use electronic payments as little as possible, cash by mail and local miners do exist if you are in the right place
>>50800954
This, IRS is going after low hanging fruits, if you are a boomer and use your own personal bank account to cash out from Cuckbase that also does auto-reporting they are gonna send a nice letter, otherwise how the fuck do they even know, they are not fucking Jedi, they are retarded gov employees

Dont you have to sell or swap tokens to have a tax liability? If youve just hodld everything from 2016 like me youll be fine bros

>>50801148

just telling you how it is kiddo. I'm not even a yank so it doesn't bother me one way or the other at the end of the day but just know if YOU cannot give them the proof for the things they ask for they will fuck your tight little boipussy. Good luck.

>>50801120
>>50801120
Also, I'm curious what kind of psychic powers the IRS has to be able to track people's trades on exchanges with no KYC who are behind 20 VPNs, who also do trades on a single KYC exchange so the IRS only see that and don't see any of their other trades. Do you really think anyone believes the fat lazy fucks that work at the IRS have this kind of MIT PhD network engineer CIA tracing? No, no they fucking don't their fat asses just run a report that does everything for them because they don't have the time to spend hundreds of man hours on a single person when each employee is responsible for 1000+ people.

Get the FUCK off my board you glowing IRS nigger.

>>50801204
but then when you cash out or pay something with btc, they'll still kinda monitor this

>>50801265
no they'll simply use specific chainalysis tools to automatically track your transfers. they can absolutely subponea kucoin and force them to give all the infos. if they see you sent money there, you'll be asked to prove what you did and they'll verify on chain

>>50788637
>be glowbot
>have to track down the scamming dildocoin bros
>instead they catch auntie dildo coin baggie who uses dildo coins to transact odd cat themed antiques

Solid mystery novel premise right here.

>>50801483
No but see that was my cousin using an account I made.

>>50788664
Waco moment.

>>50801593
oh so now both you and your cousin are in deep shit because you let someone else trade your money. illegal.

>>50794094
Only if they use a god damned centralized system to buy and sell.

In theory the feds can just look at chain transaction history but this is just going to incentivize people to quit using exchanges and keep blockchains private.

>>50788637
>brandon

pol thread. Opinion immediately disregarded. sage reported

>>50801641
Literally not my money.

All my cousins's money. You going to pay to prosecute both of us his auntie's graduation gift?

>>50801661
>keep blockchains private
*blocks your path*

>>50801698
you need to be 18 to post here. topkek if you think your little low IQ scenario will prevent them to fuck you

>>50801760
Your tax database is a roll of film.

If there is a fatal error on a taxpayer's info you cannot even retrieve the tax payer's identification. The feds know this and don't do anything about it because that would mean they had been incompetent.

The clown shit that happens is insane, we live in madmax idiocracy and the rules that are enforced may as well be random. The illegality that happens is off the charts, you call literal retards criminals because everyone who is anyone is becoming a criminal and you are on their payroll.

>>50801870
they just want their share if you made any profit. if you say you gave it to your cousin, now your cousin gets audited and he better filled his taxes correctly and you/he had to report a taxable gift or whatever.

>>50788637
So what you're saying is that we need to start murdering you, yes?

>>50801991
Well you should talk to whatever legal entity the exchange is about it because I think he recycled his phone and can't dual factor authenticate anymore.

>>50801870
If I run into some problems like this will getting a lawyer help?

>>50801438
Imagine selling any BTC for fiat money before the U.S. empire collapses on itself due to unsustainable debt and failing currency
Dude they literally just passed a 700B+ bill called Inflation Reduction Act
The US government is literally a bleeding screaming pig trying to free itself after getting stabbed in the neck, hold tight, it’s gonna be death soon

>>50802100
I have zero clue I'm a retard on an image board with just enough experience to know I'm a retard.

>>50801438
>kinda monitor

They don't really monitor it? Only kinda? Golly gee, I thought I was a zoomer.

>>50802145
>Imagine selling any BTC for fiat money
that's why i said "pay with btc". if you paid a car with btc they may come knock on your door and ask where that btc come from and you'll have to prove the source of fund since the beginning

>>50802314
sounds like freedom

Good thing I've only ever sustained losses.

>>50802314
I unironically sold my car to buy the dec 2018 bottom
As of today I have no assets on my name, no car, no house and around <redacted> BTC in cold storage maniacally stacked over the years
Not even my wife knows about the stash, I have secretly instructed my mom to access my private keys and one trusted techie friend to help recover them just in case I suddenly die from my last booster shot (sigh) so that my two kids can still access generational wealth

>>50802679
>maniacally stacked over the years
anonymously?

>>50788637
Do it. Send agents to my house. I'll send them away in a bodybag
>captcha: MAG 4 X G

>>50800334

>>50802717
Mostly, yes, the only exchange coins I have were bought on a foreign exchange using foreign ID card / foreign tax residency, many years ago, and are in different keypairs

>>50788637
What if you’ve only lost money in crypto?

>>50788637
sounds like they have a lot of openings. where can i apply? i'll let your unreported gains slip through the cracks if i get the position.

>>50801728
I have never heard of this shitcoin, you think banks won't be using their own fed free insider only crypto?

Anyone with who knows what encryption is can do this now.

only betas don't pay taxes
alphas support the community they live in

>>50788637
Privacy solutions would make it tasking to achieve this. Users who don't want to be monitored or traced would just use them.

>>50805181
lol, which is the globe now? I'm all for taxes with the money being spent responsibly and on my LOCAL community.

You are either trolling or have shit for brains or are milking taxpayers with a federal salary.

>>50805181
The DoD and US Military is not my community. When they attempt to fix the roads, homeless epidemic, and bottom ranking public schools in my area I'll consider paying.

>>50805794
>I'm all for taxes with the money being spent responsibly and on my LOCAL community.
>what are bad incentives caused by taxes
imagine not seeing the pattern: a government always starts small

>>50804805
>I have never heard of this shitcoin, you think banks won't be using their own fed free insider only crypto?
that's the whole question. how will banks launder money with cbdc? maybe they wont anymore and we'll live in a world where nobody, even billionaires and corps, can evade taxes.

>>50788637
>the 80,000 new IRS agents that we are in process of hiring
>October 14th

>>50788637
Every one email the IRS and send them random public key address and transactions of absolutely anything and give it random names and junk.

>>50805947
b.b.but you dont understand, they're starting wars all over the world so you can be free to drive on those shitty roads on your way to mcdonalds while being annoyed by homeless at traffic lights. imagine how enslaved you would be if they had lost vietnam and afghanistan

>>50800200
But I'm in America :^)

You fags won't do shit.

>>50791585
>how do you prove you no longer have something? especially with retards who just loose their wallet keys with millions or forget their password.
Lost or stolen crypto cannot be claimed as losses on taxes for this reason. You must pay taxes on it even if you “lost” it

>>50806003
I get it, I would be for absolutely zero government, but we are in pretty deep with what we have now. I'm just asking for my taxes to be redirected locally and spent responsibly without calling for any major changes.

>>50801698
You don't realize IRS court does not equal Jewdicial court which pretends to be fair. You will have to hire an accountant and lawyer and prove yourself innocent because you are already considered guilty. I really hope your court case gets televised since we were robbed of the Chris Chan trial.

>>50805181
You are a parasite

>>50788637
ITT /pol/ seething about something that isn't even on the bill or doesn't even impact them

>>50788637
Show me the law that says I have to pay taxes.

>>50809482
No existe

Hi Fezz

30 years and never paid taxes.
If Clinton didn't managed to get me, Biden wont either

I’m supposed to believe 80,000 newly hired employees (probably mostly black females) are going to be competent enough to to 1) understand the tax code 2) understand crypto currency 3) not be lazy Government employee niggers and actually do their job

Lmao

>>50791326
>property
lol
>wages
lmao

>>50788637
What happens if IRS agents go back home to smoldering ruins or never make it back home at all like that Aleksandr Solzhenitsyn quote about commies? Destroying the middle class and having them take you out with them will probably be pretty demoralizing, do IRS agents understand this country was started by a tax revolt?

>>50788637
They can get more out of the 30+ billionaires living in the US just by taxing them appropriately. But no...we need to fuck up and inconvenience all the wage slaves out there that made a couple thousand on top of their wage slave salaries just so they can buy their needs.

>>50788888
>a post so bad people ignore the quints

Kek speaks to those who listen

>>50788637
this corporate bureaucracy does not have the time or capability of doing that

lol this reminds me of Death Note and the thousand of FBI agents...

How in hell will they check every single transaction you’ve made?

>>50788637
Lmfao, most crypto owners also own guns. Good luck getting the money dickheads.

>gross 45k a year
>net 33k a year
>this is only what's taken out of my paycheck and not counting the extra few grand they rape you for during tax season
>real net is like 30k
Mfw

>hey anon do me a favor
>i'll send you cash can you buy me BTC and send it to my wallet?

am i danger? it was only like $2K.

>>50811564
Sorry, anon. You now owe 200k because why not

>>50811564
Everyone is in danger. We are at war.

>>50811564
yes very danger

>>50811597
>>50811602

i should also mention my friend who i bought BTC for forgot to pay his taxes this year because he's irresponsible. good at making money but irresponsible as fuck. he triggered SARs because he did multiple deposits below $10k and his banks froze his accounts because he hasnt filed taxes yet AND he triggered structuring alarms.

>>50811654
Dang. I guess the tip here is if you're going to withdraw, do taxes then. Punishment is less when you do taxes yourself vs getting audited.
so in other words don't withdraw shit unless you have retirement money aka when you're actually ready to do taxes

The goal of government rn is to make sure they steal a lot of the gains to prevent you from obtaining significant momentum to escape the rat race. They are a bunch of fucking kikes. Mafia pieces of shit.

>>50800361
hundreds of cops across the country would of been dead within hours if they tried to stop any of the riot during floyd. Instead they bribe the shithead mexicans and blacks with welfare and gibs. Only your pasty white and asian folks they can boss around. Your living in denial

This is an act of war by the state department. Treat your relationship as such that you are in non-shooting war with the federal government and aligned parties. On their side, they are literally mask off, transparently treating it as such.

The US state department is LITERALLY a hostile enemy combatant at this point. Increasingly, everyone's adherence to any laws are not based on honor, but only obeyed insofar as the benefits of breaking the law and getting caught only marginally underweigh the downside consequences.

>>50788794
They have a huge office in WV.

If I have a tax refund that I’m owed for last year but didn’t file when I file next year for next years tax return will the refund amount automatically be added onto my refund next year?

>>50810554
kekky

>>50810554
Lold

>>50801483
>chainalysis
kek chainalysis sucks dick and is wrong

>>50812245
No. You have to file for each year separately.

>>50812342
So like next year I file a 2021/2022 tax return along with a 2022/2023 tax return?

Where the fuck are they going to find 80,000 accountants? There's already a huge shortage of accountants in the US, first year staff at big4 are making similar to software devs outside of areas like NYC/SF because theres nobody to hire and all the firms are fighting over scraps

>>50788637
>Brandon
Stopped reading here.

>>50812549
Theyre going to import them of course! Seriously though good luck trying to teach 80,000 Anita’s, Shanequas, and Ling lings from the CCP about blockchain.

>USA

What if people invested in racist coins and are too ashamed to report that. Surely there’s a pass for that right?!!

Lost money since then. Never bothered with reporting the losses. I hoping they audit me

>>50788637
enjoy fearing not only for your life but also those of your family

>>50788834
give these people guns and see what happens.

>>50812787
It's not even about that desu. How do they audit transactions they can't trace from chads who have been using privacy solutions?

>>50810409
>strange glownigger at the door
>give the wife a phone
>hello... 911? there is a man in front of my house impersonating an officer.

Married men have a significant advantage over bachelors in many many ways.

>>50806009
>nobody can launder money

Thats the goal of these people, you can read the RAND reports about how non-centralized transactions keep terrorists and north korea alive and therefore need to be stamped out totally.

It is ass backwards, because the unwritten conclusion of that sort of info is "wow I guess I'm a terrorist for buying anything with cash"

The centralized banks lose when.

>A teenager is paid in cash,
>People count debts using meme coins,
>Things are bartered (you and a friend share a car for a few days/neighbor gives you tomatoes or something)
>a wagie doesn't use the app to pay
>landlord offers rent credit to their tenants for some reason.
>some retard pays 50 bucks for a pregrinded gamer account.

All of these things are potential places a terrorist could extract value, the only way to prevent it according to the RAND writers (globohomo central) is to put it all on a centralized system where the entire economy can be monitored.

This is the system that has been being built for at least a century. It is really funny to watch it balkanize at the slightest provocation. You can look up "why didn't the bank endorse my check" for some laughs, but being completely honest. I have zero clue how people are not expected to turn immediately to illegal/bootleg/dubious ways to use technology when they can't trust the institutions they have come to trust. Be it boomer banking or crypto.

Economists ought to know people vote with their wallet, it must just be that normies don't care enough. But there is clearly normie demand for more stable and more tangible currency, there is clearly Goverment demand to destroy genuine value measurement .

It is comedic and scary to watch the powers that be seethe and lash out at every realization that their money is worthless.

Guess it makes sense, if a slave thinks it could be free just by leaving, well why has it been a save so long? Poor thing has to rationalize being retarded.

>>50811805
Could it be any more apparent at this point? Knowing these demons they'll go after anyone who votes or says anything remotely right-wing or pro-small business.

>>50814406
Ehh, being a single man has its advantages, I don't have to worry so much about my waifu or childrenu being collateral damage, mad respect for having a waifu though anon, hope she makes you good sammys and folds the laundry well.

I know someone who used to work for the IRS and he’s a schizophrenic troon, I’m not worried

>>50815211
Whew, well there's at least a 41% chance the troonies at IRS won't audit you so that's good.

>>50814734
Despite the reddit spacing muscle memory, this was a good post.

>>50789431
me too, I owe my ancap neighbor a $1000 dollars because I thought that overweight negress would never make it to my front lawn.

>>50811805
Your forefathers would of put these people's heads on pikes. And you guys, with all your guns do fucking nothing about this. You get what you fucking deserve. The US is fucking cucked, no wonder Russia and China have gotten so uppity.

>>50812594
brockchain technorogy

>>50788759
every american male agrees to be conscripted when they sign up for selective service at 18.

this is why Im not a trader. i skipped all those money carousels like all the binance shit coins because I knew the taxes would be a nightmare and I didnt want anything to do with the IRS. i live in a place where the closest lawyer is an hour away, let alone a lawyer that would know this crypto shit or an accountant even.

I just buy and hold. mainly sell to cash out. and pay the damn taxes every year on my cap gains. ive managed to go 4 out of the last 5 years not having to be a wagie thanks to crypto. greed and not cashing out when I was at peaks has kept me from really makin it.

>>50815715
>selective service
Doesn't exist, retard.

>>50792976
>Irwin Schiff, grandfather of the contemporary tax protest movement, died Friday according to the Bureau of Prisons Inmate Locator.

>>50788637
The government is literally retarded. The only way to “make gainz” in crypto is if MORE people lose money. There will ALWAYS be more LOSERS than winners.
So if they collect any more from “crypto gainers”, this will be offset by the people who declare losses on crypto investments.

>>50812549
>Where the fuck are they going to find 80,000 accountants?
Hire all of the women in fintech and banking accounts that were just fired.

>>50788637
what happens if someone has held for 4+ years, don't have a job for 2+ years and sold?

>>50815959
you think there will still be more gains to come? or nah? next halving?

>>50791541
I WILL NOT PAY TAXES TO THE SYNAGOGUE OF SATAN

>>50791511
you'll be thrown in a cell instead moron

>>50792528
i made a token valued in the nonillions, what's the IRS gonna do about it huh?

>>50818756
But capital losses are capped at 3k. Capital gains are limitless.

>>50814734
Even my nigger friend with an 80 IQ pmed me asking about precious metals. You make a good point.

>>50822388
They're going to rape you...IN THE BUTTHOLE!!!! NOOOOOOOOOOOOOOOOOOOOAAAAAAAGGHHHHHH

>>50788637
jokes on them, I'm not american and I've only ever lost money on shitcoins.

>>50788637
sorry fedboi, we're building parallel economies
(you're not invited)

>>50820445
Sauce?

>>50825329
Gordon Kahill.
It was even on the wiki prior to the name regaining some notoriety and the wiki getting edited.

I used to work at a consulting firm and actually worked on a project at the IRS in DC and the one with the masonic shit out front (funny story, one of my coworkers tried to take a picture of it and was made to delete the pic). They have the most retarded staff of all the agencies and that's already a low bar. It truly is a bunch of nigger females, no joke. Problem is they outsource all the real work to the consulting firms who produce software and "algorithms" to do the work that niggers cannot be trained to do.

I'd personally take the chance because I've seen their incompetence but they do have quite a bit of cash to muscle their way into getting what they want.

>>50825284
My thoughts exactly anon. It's going to be pretty hard to trace people who use privacy solutions on their assets and transactions.

>>50788637
Interesting. IRS larps seem to bring bretty gud b8. Here’s your (you)

>>50788637
I only botted and didn't sell.

>>50806238
I will pay my taxes.

>don't pay taxes
>go to jail
>live off the tax payer's money
There's an irony here somewhere. I just can't place it. Comical maybe?

>>50828432
>Irony
It would be ironic if the purpose of taxes were to obtain funds. But taxes are irrelevant to a governments ability to use fiat.

Taxes only exist to maximally control you and your wealth, which is entirely consistent with mass imprisonment, war, destruction of property, and other activities a rational actor would not prioritize but states do.

>>50828432
Kind of cynical if you ask me. What's your take on tax evaders who won't go to jail cause they use privacy protocols and are untraceable?

>>50794315
g-gee anon, what the hell happens in 1913???

>>50828526
Could not have said it any better.

>>50828526
taxes exist to guarantee demand for fiat. even if you decide to trade goods for goods, the government can determine the value of the transaction in fiat and then demand that you pay tax in fiat.

>>50803060
go back to /pol/ glownigger

>>50818906
if no new laws/regulations fuck it then gains will be had again.

>>50828526
>>50828532
Maybe I'm retarded but I just don't think sending them to jail is gonna do any good. They can't pay off their debts from prison. If they have no way to pay at all simply revoke their citizenship until payment. They still pay other taxes like consumption tax, property tax etc. while free and living. That's better than jailing them where they become a net negative.

>>50828526
Thinking about this a bit more, you have a solid point. They don't actually need my taxes to fund any of their projects, at least at the federal level. They just print more fiat. If we had a money that was not capable of being debased, taxes would serve a purpose.

>>50788637
What if in the same fiscal year you never pulled out to cash and ended up 4k in the hole. They going to try and tax my top Ramen I'm living off?

How bout I just pretend to live in Puerto Rico and pay their taxes? Can’t be that hard.

>>50791326
Sometimes it is impossible to comply so expect payment in lead instead. Sorry.