Has anyone got an IRS crypto audit

[Anonymous No.50040120]

If so what happened

[Anonymous No.50040156]

To me, that is a "penis inspection day" sort of thing. I don't know anyone who has.
Then again, I don't personally know anyone who madeit

[Anonymous No.50040180]

Paying taxes is unconstitutional so just take them to the supreme court ez

[Anonymous No.50040182]

On cointracker there are options to delete transactions but I do know your wallet is public

Has anyone got caught

[Anonymous No.50040186]

>>50040120
Yes.
>They came to my home
>Asked if I held crypto
>Said "No, what's that?"
>They put a gun to my head
>Told me "Get your Trezor. Now!"
>I got my Trezor and unlocked it for them
>While lowering the gun, an agent asked me, "Are your bitcoins on the Trezor coinjoined?
>I quieting squeaked out "Yes."
>The agent shot my knee cap. I can't walk anymore.

[Anonymous No.50040219]

>>50040120
I have. I'm a 2013 bitcoin guy. they wait until penalties max out so about 8-9 years, before coming after you. its a long process and they look at everything, every single exchange trade, every bank record, eevery purchase. multiple interviews. thousands in sttorney fees. its bad.

[Anonymous No.50040247]

>>50040219
they dont take your word for it either. they had me log in to exchanges and look at the transactions directly. if you don't have wallets lining up with everything you're in deep shit. The guy also yelled at me. Keep track of everything, no matter how small.

[Anonymous No.50040255]

>2013 bitcoin guy
>thousands in attorneys fees
Sounds cheap if you bought in 2013

[Anonymous No.50040266]

What are the chances of them catching everybody

[Anonymous No.50040299]

>>50040120
Not yet

[Anonymous No.50040310]

>>50040219
>>50040247
Too much work. Fuck them. That's their job. How much did it cost you anyways in jewish kike fees?

[Anonymous No.50040489]

>>50040255
/biz/let

[Anonymous No.50040490]

>>50040310
$15k in attorneys, and I owe $400,000 which I'm on a $500 monthly payment plan

[Anonymous No.50040504]

>>50040490
Were you able to negotiate the amount down

[Anonymous No.50040582]

>>50040490
What was your overall gains not counting the jewish taxes?
If I wait say 7 years and then do the taxes, can I avoid getting fucked by these jew bitches?

[Anonymous No.50040611]

The worst they can do is assume zero cost basis. And buying with fiat is basically zero cost basis.

[Anonymous No.50040639]

>>50040120
Been shitting bologna logs ever since

[Anonymous No.50040679]

>>50040120
I got mail from the state IRS saying my tax return was denied and then basically starting sending me mail about how to deal with identity theft.

I’m just gonna file next year, say I didn’t file the year prior, and pay whatever penalty there is. Since apparently they’re giving me an easy way out and just pretending that I couldn’t have possibly submitted an inaccurate tax return.

[Anonymous No.50040704]

I know a guy who made 600k from shib first big pump around 3-4 years ago. He sold at the top after watching the charts all night/morning long (called in sick for work). Late 20s dude with a wife and couple kids living in a beat up house in the boonies. The morning the guy sold, he immediately transferred it all to his bank account. I shit you not, dude took out 100k cash, bought a new trd toyota tacoma extra cab in cash, drove it straight to a local 4x4 shop and bought a 6" suspension lift and off-road tires. Paid cash for it and waited at the shop +6 hours for the shop to install the lift and tires and drove home. The next day he goes back to the toyota dealership with his wife and buys her a brand new trd 4runner. Cash of course. But she didn't want to lift it. Dude then bought the old house and land that he was renting, demo'd the house and started building a new home himself. Not a package type pre order home, but he decided to custom build his own small, basic square type 2 bedroom home by himself to save money. He did finish it, but it was shotty as hell. Its an unpermitted home so the city & county could condem it since ther was no building permits or inspections. He ended up getting deep into exotic fish collection and has tanks everywhere in the house. I still see him around town and is one of those guys that drives a newer style tacoma, but its dented up and dirty with miss matching wheels. He's now working at a resturant mall as a cashier and his wife left him (and took her 4runner with her). Dude blew all his money on his huge fish collection and some other new altcoin that rugged a month later. I asked him if the government ever came after him about that 600k and he laughed. He hasn't filed taxes for over a decade and isnt worried about it. Its been around 4 years so far, and he hasnt been audited or anything. Im sure all the money going in and out of his account (cash) must've thrown up some red flags, but nothing so far

[Anonymous No.50040707]

>>50040247

[Anonymous No.50040733]

>>50040611
nope the tax accumulates interest and penalties the entire duration

[Anonymous No.50040744]

>>50040120
only trades are taxable, so just don't sell

or you can sell at a lost and claim that on your taxes for a tax break

[Anonymous No.50040762]

>>50040744
you can only do a few grand though

[Anonymous No.50040781]

>>50040733
Dude, I wish these fuckers would just tell me what I fucking owe and send a bill. I have multiple brokerage accounts, one of them which I can’t even log onto because I changed my phone # and can’t get past the two-step, and then crypto shit where all I can get is some .csv file that didn’t work on TurboTax.

At some point I was just like fuck this and submitted the info I *did* have and now am gonna be stuck with penalties out the ass.

THEY ALREADY KNOW WHAT I FUCKING OWE. SEND ME A BILL JESUS FUCKING CHRIST.

[Anonymous No.50040786]

>>50040704
shib was late 2020/early 2021...nowhere near enough time for irs to fuck him

[Anonymous No.50040818]

>>50040704
You know what to do. Easy 20-40k
https://www.irs.gov/compliance/whistleblower-office

[Anonymous No.50040832]

>>50040818
Can I report myself and use the reward money to pay some of my debt?

[Anonymous No.50040841]

>>50040832
Kek. Just get your mom or sibling or girlfriend to report you then.

[Anonymous No.50040866]

>>50040120
I will just tell them to send me to jail.
"Oh no, don't house me and feed me!"
But I am too poor for them to come after me anyway.

[Anonymous No.50040870]

>>50040582
if I paid on time I would owe a out 220k, but because of interst and penalties it went to 400

[Anonymous No.50040888]

>>50040247
He yelled at you? What the fuck lol. What happened? And what caused the audit in the first place?

[Anonymous No.50040899]

>>50040219
I'm also a 2013 bitcoiner but I haven't sold a single coin. What exactly did you do to accumulate these penalties and interest? Did you sell Bitcoin several years ago and just not report it?

[Anonymous No.50040948]

>>50040870
jesus christ you had me worried there bud. For a second I thought you might've been some poorfag that made a couple thousand and then got anally destroyed by 3000% daily compounding interest penalties, but you're just a richfag who literally didn't report his earnings

[Anonymous No.50040973]

>>50040899
at first, I didn't pay because it all went to a failed business, I thought it was a write off. I planned to handle it when btc took off again in 2017, and then again in2021; just sunk deeper and deeper. i botched 2017 and the audit was last year so I couldn't take advantage of the ladt run.

[Anonymous No.50040988]

>>50040948
well I also assumed that they would garnish and I would never have the funds to re-fuel another bull cycle. I kept putting it off by ignorance and hubris. I def fucked up, but in an understandable way.

[Anonymous No.50041012]

>>50040948
the bill is so high that I am like numb to it, but the monthly payment is manageable for now. We are going to file for unpayable because it will soon be overwhelming.

[Anonymous No.50041021]

>>50040973
Oh okay, so you're just a nigger that didn't pay his taxes and is spreading FUD. Nothing to see here.

[Anonymous No.50041078]

>>50041021
nope, that would be if I bought vacations, jewels, a yacht. I put it all to save the family business. It was a huge mistake to ever sell the BTC for that purpose. Money pit. If I ever make it again I will never move it to IRL endeavors.

[Anonymous No.50041184]

>>50040219
You are a Jew

[Anonymous No.50041204]

Taxes are voluntary, so is your allegiance to Jews.

[Anonymous No.50041257]

>>50040490
why do you owe 400k? You cashed out and never paid taxes or what?

[Anonymous No.50042364]

>>50040120
Yeah, but since the amount i owed was less than 100$ they let me go and told me to report taxes next time

[Anonymous No.50042383]

>>50040120
Now adjust the graph by inflation.

[Anonymous No.50042397]

if i bought and sold for a loss do i owe taxes?

[Anonymous No.50042399]

>>50040186
That would be outrageous if you were black

[Anonymous No.50042491]

>>50040490
Oh cool, so just 800 easy payments. It'll only take you 66 years to pay them back

[Anonymous No.50042717]

>>50042491
72 years when you include the tip