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/biz/ - Business & Finance


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57161362 No.57161362 [Reply] [Original]

>If you receive $10k or more in crypto you now have an obligation to report the transaction (including names, addresses, SS numbers, etc.) to the IRS within 15 days under threat of a felony charge.
Burger bros, our response?

>> No.57161395

>>57161362
No taxation without representation.

The kikes stole the election, are importing millions of niggers every day, and want me dead because I'm a straight white man. They aren't getting any taxes.

>> No.57162025

>>57161395
>importing millions of niggers every day
This is not true
>They aren't getting any taxes
Levy/lein/garnishment. They'll get taxes plus penalty and interest

>> No.57162050

Monero doesn't have this problem

>> No.57162083

>>57161395
>The kikes stole the election, are importing millions of niggers every day, and want me dead because I'm a straight white man
That's right, and you'll do nothing like the pathetic cattle you are. You will bitch about it on social media and then they'll conveniently jail you and take all your money, and you will never fight back. Americans are the biggest whiny losers in the world.

>> No.57162142

>>57161362
Hundreds of thousands if not millions of people will be “breaking the law” then. What are they going to do about it? They’re really going to arrest every dumbass crypto holder who makes a transfer?

>> No.57162160

>>57162142
>Hundreds of thousands if not millions of people will be “breaking the law” then

yeah thats how you start a dictatorship. make laws that everyone breaks so anyone can be targeted and silenced at will

>> No.57162166

>>57161395
This, they can go fuck themselves. Not paying shit until I can buy a house.

>> No.57162171

>>57161395
I'm thinking based.

For me, I'm betting on the collapse of the federal government.

>> No.57162175

>>57162025
“ahhh geez dude, $350? ahhh, dude i just hit my cahhr, im on these pills bro i cant do $350… ahh dude, i hurt my leg bro, i lost my shoe… i was out on the street, and i hurt my leg dude… i was in the hospital for days with my leg… and they got me on these pills dude, i cant afford $350”

>> No.57162189

>>57162160
I don’t see how this is enforceable at all, but yes it’s scary that this arbitrary bullshit can carry a felony charge. I’ve never even seen this reported in MSM so the general public is definitely not informed on this. The IRS should have some guidance on this.

>> No.57162201

>>57162083
But not you though
You're different

>> No.57162210

>>57162189
The IRS should be abolished. It's an illegitimate body anyway.

>> No.57162237

>>57162201
I'm not American so it doesn't apply to me, but seeing how many of you just accept these shitty conditions where fucking migrants are turning your country into an African shithole boggles the mind.

>> No.57162253

>>57162237
There's only one race, the human race.

>> No.57162259

>>57162189
if you use a custodian like coinbase they will give you the necessary tax information and even report some to the IRS for you
if you use defi I'm not sure how they'll go about that, maybe they really only have the manpower to go after the million and billions but its gonna be hard and expensive to prove your wallet address is you

>> No.57162273

transfers arent taxed though. so this dont make a lot of sense

>> No.57162276

>>57162259
defi is a meme. its only decentralized in name.

>> No.57162284

>>57161362
ok so i send 9k per transaction a few times.

>> No.57162288

>>57162276
For purposes of this discussion, assume it means "non-kyc"

>> No.57162297

>>57162259
They never defined what a “broker” is to my knowledge (laughable), so I don’t know what one would do if they made a swap over $10k on Uniswap or whatever. If you research this more this is all influenced by FATF.
This guy has written up on it: https://decentralizedlegalsystem.com/

>> No.57162299

>>57162276
Correct. It's just ponzis.

>> No.57162310

fellow burgers, are we gonna slurp another one from our big mighty government? I am glad to feed illegals with my taxes, this gives my life a purpose.

>> No.57162328

>>57162310
Don't forget about Ukraine and our greatest ally Israel. God bless.

>> No.57162504

>>57162284
thats called structuring and its a bigger felony

>> No.57162517

sue me

>> No.57162538

>>57162025
Shalom rabbi

>> No.57162560

>>57162276
>defi is a meme
no it's not lol
>decentralized in name
and in governance, and in contracts with no admin keys, and code all open source, and open treasuries
keep seething you filthy fucking jew

>> No.57162573
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57162573

>paying crpyto tax

>> No.57162583

If we ain't lynchin', I ain't flinchin'.

>> No.57162587

>>57161362
>to the IRS within 15 days
naw no way lmao.
congress has 45 days to report a trade.
there's no way they'd hold normal citizens to a higher standard then congressmen.

>> No.57162595

>>57162050
monero has the problem the biggest because it's cracked and is just a giant honeypot.

>> No.57162616
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57162616

>>57161362
>your honor, my client did not know that he couldnt do that

>> No.57162619

>>57162560
>contracts issued from magic decentralized entity
>tokens also magically distributed
>PoS is also not a scam btw guys, pinky promise

>> No.57162632

>>57162587
>there's no way they'd hold normal citizens to a higher standard then congressmen.
you are retarded

>> No.57162682

>>57162587
>>to the IRS within 15 days
>naw no way lmao.
This is not a new rule. Its a rule that has always existed, and gets complied with millions of times per day. Its just being expanded to include indian scam coins.

>> No.57162684

>>57162632
no you

>> No.57162742

>>57162682
How’s that boot taste?

>> No.57162793
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57162793

>>57161362
Glad I'm not an Amerimuttard, KEK, fucking shitty country filled with niggers, everything I despise, I just wonder if there's a way to recognize them while using beoble

>> No.57162850

>>57162742
So Im not allowed to explain basic principles of law or im a government shill?

>> No.57162943
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57162943

>>57162083
>Step 1: decide you're going to revolt
>Step2: #backdabloo redcoat loyalists stand shoulder to shoulder with cops and laugh as you're hauled away to the dungeon
Yes, I won't do shit, because at least 80% of people on "my side" will unconditionally follow the law that is unjust and anti-white in its entirety, and think that law enforcement are angels that fell out of heaven to protect humanity. Things don't suck enough yet (even though it's bad). Mind you, the vaxx and mask shit did a good job of purging cop support from a lot of people.

That being said, don't shit on the people with moral convictions just because we're surrounded by cowards

>> No.57162950

>>57162850
Pretending theres any legitimacy to their arbitrary slave rules makes you a bootlicking clown, cuck.

>> No.57162985

>>57162025
I will just get a heritage passport from a European country and piss on my American passport (kike certificate of goy ownership) .

>> No.57162986

>>57161395
Enjoy getting your anal cavity expanded by massive nigger penis in jail you goy fuck

>> No.57163002

>>57162253
Faggot kike. I hope I see you rot in a gaschamber.

>> No.57163003

land of the cucks
no surprise your women ride black dicks

>> No.57163023
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57163023

>>57161362
>1 post by this ID
>no source
Why is everyone on this board a braindead retard

>> No.57163049
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57163049

>>57161362
uh...ya, ill get right on that

>> No.57163133

>>57162793
3rd worlders are even worse idk what you even talking about faggot

>> No.57163151

>>57162587
Are trades done by public officials made public? Couldn't we just find the most crooked politician and copy their trades and get rich?

>> No.57163161
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57163161

>>57162253

>> No.57163166

>>57162682
Kek glad I'm not in the US

>> No.57163167

>>57163003
It's what happens when a country is born from those running away like little girls from conflict and wars.

>> No.57163172

>>57162793
You're either a pajeet or a nigger in LATAM, no inbetween

>> No.57163175

>>57162793
holy fucking shit, a nigger

>> No.57163349

>>57163023
You’re the braindead retard. This was passed in the infrastructure bill almost two years ago. American cryptofags are going to get their asses reamed en masse.

>> No.57163389

>>57163349
Post it then.

>> No.57163504

>>57163389
https://cointelegraph.com/news/irs-rules-10k-crypto-transactions-2024

>> No.57163588

I lost 20k listening to /biz/ , can I reduce my taxes with this?

>> No.57164761

>>57161362
So your saying buy and hold and when moon move to a crypto tax havine?

>> No.57164778

>>57161395
fpbp

>> No.57164795
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57164795

>>57161395
its been so long i didnt recognise the number, its for you!

>> No.57164888

>>57162050
>cash out a bunch of Montero
>IRS: where is this coming from, provide proof
>nuh uh, not telling
>IRS: okay, so we're taxing you at zero cost basis, plus penalties, interest, and we're auditing you for the last 7 years

>> No.57164933

So if one makes a swap on uniswap resulting in more than 10k in gains, how would one even report this?

>> No.57165029

feel like I have seen this thread before, word for word but with a different title

>> No.57165040

>>57162175
Could you do like… 5$?

>> No.57165136

>>57162025
Sorry it's just... I'm not coming back to the US. I know, I know, I'm missing obese niggers everywhere. It's just that... I'm not coming back and not paying!

>> No.57165633

>>57163504
This states explicitly that the brokers have to report these transactions. I don't have to do anything.

>> No.57165666

>>57165633
In the case of a swap on uniswap or cowswap, who is the broker?

>> No.57165672

>>57162560
lmaao. "decentralized" a multisig controls the contract / bridge / funds. the only thing that is diffreent in "defi" is that now its a bunch of nerds working together out of their basments that form the authority / central entitty. otherwise itwould be some bank or company and they would need some licenses.

>> No.57165703

its for businesses, not citizens. god this place is useless

>> No.57165714

>>57161362
Send "gifts" to wallet in El Salvador. Look I have sent monies to Mi'mego who really needs it :)

Or funnier the wallet spinning tornadoes.

Lmao they have the law on the books but they can't enforce shit, its not even reasonable. They don't care anymore though.

>> No.57165750

>>57161395
rip. you're about to be jannie'd

>> No.57165827
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57165827

>>57161362
This is a good thing so people don't start doing shady stuff with crypto. That would hurt in the long run

>> No.57165870

I'm just going to move to el salvador and renounce citizenship lmao. Good luck getting my shekels, rabbi.

>> No.57166993

>>57161362
Can an inside her tell me if individual traders need to report trades or is it the CEX that does the reporting? I am losing brain cells going through this thread.

>> No.57167060

>>57166993
you literally dont need to do anything
see >>57165703

>> No.57167213

>>57165666
Definitely not me, unless I'm swapping for someone else. Which I'm not.

>> No.57167356
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57167356

>>57165827
I hate you

>> No.57167941

So if a shitcoin you’re holding becomes >$10k, and you convert said shitcoin to ETH or BNB via uniswap and cash out via Coinbase, you could be charged with a felony and face federal prison time since you can’t provide a social security number associated with the other side of the uniswap trade?

>> No.57168143

>>57167941
The burden is on CB in this case. This will affect exchanges most. The ordinance will fail because it is impossible to do so if using a DEX. Make sense?

>> No.57168157
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57168157

>>57161395
This. Fuck kikes, fuck the government, and fuck jannies

>> No.57168162

>>57163023
Source:
https://news.bitcoin.com/new-crypto-tax-law-takes-effect-in-us-transactions-of-10000-or-more-must-be-reported-to-irs-within-15-days/

>>57165029
Meds. Now.

>>57165703
>>57166993
>>57167060
>>57167941
>>57168143
>The obligation applies to *individuals* if they receive $10k+ in the course of their trade or business, not just ‘businesses.’ So, if I’m a miner (even as an individual) I’m covered. Also, if I’m a day trader (even as an individual) I’m covered.

>> No.57168176
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57168176

>>57162253
Shalom

>> No.57168361
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57168361

Kek amerimutts
Muh freeeedoms
>tfw 2% flat rate on all capital gains