/biz/ - Business & Finance

[Anonymous No.10914297]

How to avoid attention of the Tax man?

[Anonymous No.10914304]

>>10914297
Blow up the building he works in. While he’s in it.

[Anonymous No.10914305]

offshore

[Anonymous No.10914320]

>>10914297
By not making threads like this for starters.

[Anonymous No.10914324]

>>10914297
prepare for his attention and hide nothing. It's a full body search, spread 'em.
If you do hide, make sure you know what you are doing. Also, enjoy living with anxiety. This goes beyond crypto.

[Anonymous No.10914386]

Roth ira
Tax free trading

[Anonymous No.10914393]

All these ^ answers are pussy answers
The real answer is to prepare for the overthrow of the state and global governments and never having to pay taxes again

[Anonymous No.10914401]

>>10914393
virgin tax evader vs chad revolutionary

[Anonymous No.10914423]

>>10914320
I don't know how else to find out.

>>10914324
I've been trading a lot, going back and forth between crypto and fiat, including some btc from buying / selling drugs (like 4 times to sell excess, not a business thing), never thought about taxes but sometimes I wonder if I'm such small fry they don't give a shit about me (around 20k savings).

I'm just worried at what precipice will they start enquiring if/when I start making serious money. I'd like to cash out but everythings tainted now it seems.

[Anonymous No.10914468]

Buy a lot of expensive things despite reporting low income. Drive a flashy car. Wear expensive, flashy jewelry. Commit other crimes.

just pay your taxes niggers

[Anonymous No.10914475]

>>10914423
Why is everyone afraid of the tax Boogeyman? I've made millions and no one has ever contacted me about taxes. I even put bs deductions. Do you even know anyone who has been contacted by them besides Wesley Snipes and Al Capone? It's all fearmongering.

[Anonymous No.10914545]

>>10914475
>I've made millions and no one has ever contacted me about taxes. I even put bs deductions
did you fail to pay taxes you actually owe?

[Anonymous No.10914578]

when tax time comes and you owe, sell an asset, big fkn deal

[Anonymous No.10914600]

> I need to get a application that can do my taxes because crypto taxes are too complicated for humans.

Basically

[Anonymous No.10914602]

>>10914297
Buy and sell bitcoins offshore or outside your country. Selling through Bitfinex is great for this.

[Anonymous No.10914613]

>>10914297
There is a reason most people pay their taxes without issue. Because the IRS always wins and will fuck you up hard.

[Anonymous No.10914624]

move
>tfw not a tax resident anywhere

[Anonymous No.10914634]

>>10914624
can you really do this
give us the rundown, pepe

[Anonymous No.10914644]

>>10914297
Use cash and don't use banks.

[Anonymous No.10914646]

is this a boy with boob implants?

[Anonymous No.10914657]

>>10914475
>Why is everyone afraid of the tax Boogeyman?

Because there are paid IRS shills on the board who want to try and catch suckers. These threads seem to pop up any time right after a big pump.

[Anonymous No.10914659]

>>10914320

While there's no shortage of glowniggers on the site, I seriously doubt the taxjew is monitoring it. That'd be way too specific just to btfo some NEET with terribly poorfolios.

[Anonymous No.10914665]

>>10914657
>Because there are paid IRS shills on the board
this
>>10914659
fuck off cianigger / pet bitch

[Anonymous No.10914684]

What about just changing countries? How can the new country know how much money you invested in crypto in the old country? Become tax resident of new country and cash out. It won't be capital gains because you entered the country with the crypto already.

[Anonymous No.10914729]

>>10914634
it's a walk in the park, son
unless you are a US citizen. then off yourself or give up citizenship because the US taxes their citizens independent of where they live. after that it's easy as pie.
>get location independent source of income
>set up a corporate entity in a 0% tax haven
>make sure it pays in $ or €
>move to sunny place of choice that has pretty girls and low incomes
>live there like a king
officially you become a tax resident in most places after spending 90 days there. but in practice nobody gives a shit because you never register anywhere or do so as a tourist/student/pensioner. of course you could also move frequently and travel the world. then you legally pay 0 tax
i'm really not sure why more people aren't doing this

[Anonymous No.10914758]

>>10914729
>or give up citizenship
can I still hang out in the US?

[Anonymous No.10915085]

>>10914729

Wouldn't you have to eventually register somewhere for a passport?

[Anonymous No.10915114]

>>10914468
Buy a lot of expensive things despite reporting low income.

I live a pretty humble lifestyle already. But I'm thinking it's more statistical data / bank reporting that's more likely to ring alarms. Like if i break 50k savings will I be on a radar, perhaps 100k? Especially if my income remains the same.

[Anonymous No.10915115]

don't transfer money through banks
don't buy real estate and vehicles

[Anonymous No.10915128]

>>10914644
The only place I know is localbitcoins, but that records transactions.

[Anonymous No.10915134]

>>10915114
>I live a pretty humble lifestyle already. But I'm thinking it's more statistical data / bank reporting that's more likely to ring alarms. Like if i break 50k savings will I be on a radar, perhaps 100k? Especially if my income remains the same.
google SAR and CTR
deleting your posts doesn't help faggot
learn about opsec and git gud
they already know about your crimes btw

[Anonymous No.10915185]

The best ways are to
- keep a low key lifestyle.
- Find friends and family who will pay cash for your crypto.
- Talk to local vendors in your area and see if they will trade goods for crypto.

frankly cashing out sucks anyway. So these things are something you should do anyway. Crypto gives me a sense of security though. Once I see I have X amount I know that I will never end up completely fucked or homeless. And even if I do pay my taxes, which I ultimately will once I know how to. I will still seek out ways to never be forced to use shitty services like fucking coinbase.

[Anonymous No.10915200]

>>10914729
What source of income do you have?

[Anonymous No.10915217]

>>10914393
Ahh now this right here is the prime answer we should all strive for. If any of you actually believe we need taxes to pay for shit like military, roads etc. I ask you this. How did we pay for military roads etc before there was an IRS and federal taxes? Go ahead figure it out. The answer is so simple most of you probably never even thought about it. Taxation is theft plain and simple and we dont need it.

[Anonymous No.10915220]

>>10914304
Fpbp

[Anonymous No.10915333]

>>10915217
Yeah but we need pragmatic solutions in the meantime, this fantasy thinking doesn't stop one from getting buttfucked in prison

[Anonymous No.10915369]

>>10914475
There was a guy on biz recently who got raided. I'd shit myself if that happened to me.

I don't even mind paying taxes, its just that the few times I bought and sold drugs, which i then traded on bitmex might fuck me up

[Anonymous No.10915380]

>>10914475
Nigger, I don't know which country you come from, but in the EU the high-income entities are the first and easiest target for the tax man. You won't get fucked immediately because they can put royal tax dildo in your anus anytime they want. Especially when you buy expensive stuff.
>buying cars? taxman knows
>buying house, apartment? taxman knows
>buying anything of remotely highvalue taxman knows and will ask questions

So please fuck off with your larp.

[Anonymous No.10915618]

>>10914475
Because there are paid irs shills, they are just "concerned about us" and "want to help us".

Fucking no, I don't wanna subsidize politicians lives. Gov'ment wastes so much money on retarded bullshit, I don't want to give them my hard earned money anymore. Less on crypto, I take all the risk while they don't wanna regulate the market and still want us to pay them for doing nothing?

Fuck em.

[Anonymous No.10915643]

>>10914758
you need a non US citizenship and a US visa to visit
>>10915085
you get your passport renewed at your local embassy. being a tax resident makes you pay taxes, not being a citizen. only the US has this rule
>>10915200
i'm a middle man for projects, an agent as to speak

[Anonymous No.10915981]

My problem with this shit is that paying taxes on this shit is fucking impossible anyway. The only options to do it are terrible fucking web sites that probably snitch on you even if all you do is see what your options are.

We need a fucking way to do it in the first place. Seriously.

[Anonymous No.10916002]

>>10914729
except you're still paying sales tax on everything purchased goy

[Anonymous No.10916112]

>>10914297
Domicile in Puerto Rico.

It is a US territory, you can just move there like moving to another state (and no exit tax like trying to move to another country). They have their own tax laws and no one except select government employees is required to pay federal income tax. There is also NO CAPITAL GAINS TAX. The IRS doesn't even exist on the island.

I don't even know why I'm telling you brainlets this because my plan is to move there in a few months and start buying properties to sell to you fags when you figure out that it's not only a tax haven but also fairly cheap cost of living and beautiful weather.

Also apparently the girls are cute, and most of the guys are latino manlets who have no money so you're pretty much going to be drowning in pussy if you have any kind of money/looks/social skills.

I've already said too much though...

[Anonymous No.10916211]

>>10916112
Sounds interesting about speculating on real estate in puerto rici. Can you really see property values skyrocketing in the future?

[Anonymous No.10916232]

>>10914729
Bullshit, the perpetual traveller thing is a meme and you will either pay taxes to your home country or your last tax residence. There is no such thing officially as "tax resident nowhere"

[Anonymous No.10916246]

>>10916232
So you need to get residence in panama or similar, if you want to do what you are talking about

[Anonymous No.10916295]

>>10916112
>fairly cheap cost of living
Puerto rican here...lol no....everything's more expensive...think Hawaii....and the quality of life here is shit.

[Anonymous No.10916299]

>>10916211
Let's think about this
>Recently devastated by hurricane
>Just changed tax laws in the last few years
>High income states (Cali, Illinois, NY, Conneticut, New JOISEY) and starting to seriously ratchet up taxes to fund dying pensions/social programs (rich who can work from home are already starting to move to Texas/Florida and telecommute)
>Puerto Rico has most of the benefits of US resident but without the taxes, also only 4% corporate tax there vs 15% in US (corporations might get wise in the future too)
>Literally tropical island weather

It just seems like the obvious conclusion, and in the future I anticipate the mainland tax situation to get worse, not better.

Now delet this

[Anonymous No.10916325]

>>10916295
The trick is to live with the other WHITE people on the island.

Real estate/rent is cheaper, there's costs to goods bc it's an island but this is made up for in other areas. Have you lived elsewhere as a point of reference?

[Anonymous No.10916339]

>>10914297
You can't avoid his attention, you have to send him anthrax (in minecraft).

[Anonymous No.10916348]

>>10916295
Hawaii is a totally different league. Hawaii there is the extra cost of shipping things, high real estate prices AND tax laws as egregious as California.

Not even close cost of living wise.

[Anonymous No.10916363]

>>10916295
Also most puerto ricans don't have jobs or work for the government, that would probably make things "more expensive" lol

[Anonymous No.10916367]

>>10914297

Don't get too rich lol.

[Anonymous No.10916392]

>>10915643
What do you think of the Emirates? I've heard that there is no tax there.

[Anonymous No.10916406]

>>10914613
>Ira schiff
>case in point

The man had a sound and legitimate legal argument as to why he was not required BY LAW to pay taxes and that didn't stop him from being found guiltily, sentenced, and living out the rest of his life in prison.

Pay what you're legally obligated to and not a cent more. That being said I fully embrace reading into your countries tax laws and finding the best exit strategy. That way you can cash out your gains in *insert country here* for maximum gainz

[Anonymous No.10916426]

Buy gold

[Anonymous No.10916467]

>>10916325
>>10916348
lol I love how you guys think PR is some tax haven tropical island paradise when you've never set foot in the place

The infrastucture is shit, crime is rampant. If you think you're going to be driving around in lambos or europeans cars you just make yourself targets for crime. And the police are so broke they can't do shit. Anyone who's well educated has either left or they're on their way out

[Anonymous No.10916555]

>>10916467
I live in Cleveland breh, there are really nice parts and really shitty parts, except the weather which is all shit all the time. I guarantee there are nice parts and shitty parts in Puerto Rico too.

Sounds like you live in the shitty parts but that's your fault, don't generalize because I know that there are wealthy people moving to PR right now, and just like with every other metropolitan area, when wealthy white people move in they gentrify neighborhoods and law and order returns and brings high real estate values.

[Anonymous No.10916697]

>>10916392
yeah boy, you're onto something
>>10916232
that's why I've been living like this for years, right?
>>10916002
2edgy4me

[Anonymous No.10916729]

>>10914475
same here, literally made billions in this market, tax man never contacted me once

[Anonymous No.10916790]

>>10916729
You mean millions right? How the fuck you make billions? kek

[Anonymous No.10916806]

>>10916697
Oh shit, so you recommend it? Am living in the Netherlands now, and I hate the tax system. Am heavily invested in crypto now and want to cash out safely without getting raped by taxes.
Was thinking of opening a company there, which in turn will give me a residency visa (and that juicy 0% tax).

[Anonymous No.10917216]

>>10914297
pay your taxes

[Anonymous No.10917290]

>>10916697
>that's why I've been living like this for years, right?
Just because you personally have been doing it does not mean it is legal m8, sure I can also open a bank account in Mongolia, put all my untaxed money there and nobody will know. Does not make it legal. And if you get caught you are fucked. Why not just get legal tax residence in panama, georgia or similar

[Anonymous No.10917322]

>>10916806
>Oh shit, so you recommend it? Am living in the Netherlands now, and I hate the tax system. Am heavily invested in crypto now and want to cash out safely without getting raped by taxes.
As someone who did it, I do not recommend it. Huge mistake to move just because of tax savings

[Anonymous No.10917331]

>>10915369
well you just fucked up with this comment anon

https://techcrunch.com/2017/01/13/the-nsa-can-now-share-unfiltered-surveillance-data-with-other-intelligence-agencies/

>DEA requests NSA for info on this post
>gets it
>joint investigation with IRS and DEA to take down thy ass

belize

[Anonymous No.10917381]

>>10917322
Have to add that I'm orginally from morocco (was born in the netherlands though). Getting a bit tired from the european mentality, blaming everything on either russia or immigrants and not taking responsibility like a fucking man. Doesn't matter if you are succesfull or poor as a foreigner (actually they hate you more if your succesfull). So yeah not planning on staying here any longer XD. Will keep my passport though, if i don't like it, I can always come back.

[Anonymous No.10917528]

>>10915217
Fucking idiot. taxes have been collected for THOUSANDS of years.. Study history you huge moron.

[Anonymous No.10917557]

>>10917528
>Being that triggered by a bait post.
Hi new friend

[Anonymous No.10917597]

>>10917216
How though, we cant and this is only going to become a complete fucking nightmare as we use dapps and games based on crypto. How the fuck am I going to explain taxes on every fucking sword swing and loot drop in every fucking game I play? This is insane man!

I am doing thousands and thousands of transactions every day now...

[Anonymous No.10917992]

>>10915128
Paxful and LocalEthereum are great alternatives

[Anonymous No.10918054]

>>10916729
you made billions? fuck off thats a retarded L A R P