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/biz/ - Business & Finance

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24227669 No.24227669 [Reply] [Original]

Im not even joking how do you cash out crypto without the irs knowing

>> No.24227693

>>24227669
you don't, you probably did KYC too

>> No.24227755

Marry a Portuguese broad

>> No.24227798
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24227798

>>24227669
What could you possibly be doing where you make more money than you have with crypto even after tax don't be greedy prick

>> No.24227841

>>24227798
He probably doesnt have enough you rich fuck

>> No.24227923

Trade crypto for gift cards or something worth money. Depending on the amount, you're going to have to look for ways to launder and use your brain.

It's not that fucking hard.

>> No.24227936

>>24227669
buy drugs on dark web in minecraft, sell for cash (also in minecraft I guess)

>> No.24227955

Legally! Get Dual Citizenship for $100k in a tax haven. Live there for 6month so primary residence, cash out money and therefore pay local tax of 0%. https://www.goldenvisas.com/antigua move back to America.

>> No.24228027

Just pay your taxes

>> No.24228061

>>24227669
Im not a CPA but i think the only "legal" way is to make the taxable event. Then wait 7 years past the statutory for taxes. Then find a way to cash out. Apparently the IRS cant prosecute past 7 years?

>> No.24228136

>>24228027
Why throw money away? If you need to pay more than about $150K, you might as well get dual citizenship.

>> No.24228275

>>24227955
Imagine being so rich you can't afford to live in your own country and have to move to bongo bongo land.

>> No.24228313
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24228313

>>24227669
(You)

>> No.24228715

>>24227669
just pay the taxes it's not worth the stress
t. glowie

>> No.24228744

>>24227755
Why Portuguese?

>> No.24228813

>>24227669
In lieu of this shit OP, what's the best way to cash out if you were hypothetically sitting on make-it money (1-5MM)

>> No.24228815

>>24227923
Yeah 8 mil in gift cards np

>> No.24228871

>>24227669
Look it up. Some countries have no capital gains tax - Portugal, Belize, Germany, Malta, Malaysia, Singapore off the top of my head.

>> No.24228882

>>24227955
>Legally! Get Dual Citizenship for $100k in a tax haven
Burgers cannot legally do this because of the citizenship tax

>> No.24228947

>>24228744
Portugal has no tax on crypto gains

>> No.24229016

>>24228882
We make fun of the bongs for thier obsession with licenses but the US is just as bad with our fucking taxes

>> No.24229093

>>24229016
All you have to do is look up what people like Trump did and legally pay almost nothing. Homework

>> No.24229151

>>24228715
>>24228027
This is my take if I ever make it. If I'm lucky enough to cash out seven figures, let them take their blood money. Don't even let myself daydream with the 20%. I've still made it. Their success rate nailing new rich trying to evade taxes is probably 99% compared to the old money that know the game inside and out

>> No.24229290
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24229290

>>24227669
>lookit that nigger glow

>> No.24229619

>>24227669
Buy a whole bunch of cocaine with it. Boil the coke down with baking powder then flip the crack rocks. Avoid IRS and profit at the same time.