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/biz/ - Business & Finance


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22575339 No.22575339 [Reply] [Original]

burger here

can I go to prison for not reporting my airdrops and uniswap trades?

i will not report them, and I will probably get audited when i cash out in 2026. During the audit, can i get sent to prison for saying "idk. probably not." if they ask if I ever did crypto to crypto transactions or received airdrops?

>> No.22575445

>>22575339
tax evasion is a felony. You could just pay your taxes now and then talk to an accountant about how when you make it you want to mitigate the tax consequences. He will probably give you some pointers. Then after you leave, he will laugh at you.

>> No.22575473

You can but what will happen first is you will receive a notice and have an opportunity to make payment arrangements. If you do no reply they'll either send a warrant or they'll garnish your wages depends how sore the IRS workers balls are that day

>> No.22575589
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22575589

>>22575339
Almost certainly not prison, that usually takes a high degree of very deliberate fraud. I think there is only something like 10 criminal convictions per state per year by the IRS on average.

Of course, huge financial ass raping? Absolutely.

>> No.22575668

>>22575589
i am a neet and my income is $0

because of the GOP tax cuts, i will pay 0% capital gains tax when i cash out

can they take all of my /makeit/ gains if i dont pay the ~$50 dollars tax of trading eth to erc20 tokens?

>> No.22575876

>>22575668
If it's less than a few thousand dollars, they're not going to fuck with it at all.

>> No.22576022 [DELETED] 

>>22575445
it's very rare to go to prison for tax evasion, worst case scenario you would just get a your wages garnished and assets seized.

>> No.22576064

>>22575445
it's very rare to go to prison for tax evasion, worst case scenario you would just get your wages garnished and assets seized.

>> No.22576202
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22576202

YES PAY YOUR TAXES TO FUND BULLSHIT LIKE THIS

>> No.22576621
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22576621

>>22576202
OR THIS

>> No.22576628

>>22575339
It is really not in the interest of the IRS to send you to prison to get raped. Unless you have embarrassed them or really did not pay a fuck load of taxes.

It is in their interest however to bleed you dry. By posting this thread alone and having it in your browser history you're showing that you knew what you did was wrong.

With that said just pay your goddamn taxes you morons.

>> No.22576661

>>22576064
If these people think they are going to 'make it' eventually, then why don't they just set up tax efficient structures NOW, instead of being cucked down the road.

>> No.22576742

Just lose more money and you won't pay shit

>> No.22576793

>>22576661
Because they're morons and they actually think they're going to outsmart a massive government organization.

Why they don't do what you said I have no idea. The irs isn't going to care about 100 bucks but they sure as shit would rape you for 10k. Fuck I'd hate to see anything past that.

>> No.22577146

>>22575339
Nah you only get prison for fraud. What will prob happen is you’ll cash out, Uncle Sam will be notified, and then they’ll send a bill for ~50% of what you cashed out unless you can prove that your profits were less than that.

>> No.22577205

>>22576793
You would think Smart Contract technology would be at the point or, reaching the point, to afford people the opportunity take advantage of property swaps, deferral of gains, triple entry accounting etc. Yet its still floundering to have any notable business application. Maybe we just have to wait .

https://en.wikipedia.org/wiki/John_C._Malone
https://youtu.be/NV5ubkGQUes?t=63

>> No.22577228

>>22575339
you're already in prison

>> No.22577305

>>22577228
fuck you nigger. i just want to /makeit/ for my parents' retirement and then i will kms