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/biz/ - Business & Finance

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8753439 No.8753439 [Reply] [Original]

when you mine a buttcoin, when you transfer a buttcoin to another kind of buttcoin, when you get cash in exchange for your buttcoins; each of these is a seperate taxable event

what are you doing for april 15th this year, /biz/?

>> No.8753475

What is that form?

I only do my taxes with TurboTax™

>> No.8753501

>>8753475
you're gonna get turbofucked™

i can't wait for all you dipshits to get assraped by the IRS lol

>> No.8753553

>>8753501
You know the IRS meme is deployed by CIA niggers to get you to pay taxes?

>> No.8753577
File: 1002 B, 209x137, hurfdurfdurr.png [View same] [iqdb] [saucenao] [google]
8753577

~blooooockchain~ is a permanent, immutable record of every transaction that's ever been made

this makes me anonymous because HURF DURF HURR HURR HURR

>> No.8753597

>>8753553
so you're a racist and a conspiracy enthusiast as well as being a dumbfuck

this is looking like a better and better investment every moment

>> No.8753617

they don't send the letters out so that they reach you on the 15th you know

but they are watching each and every one of you

your exchanges have reported you; your bank has reported you; the Man knows where you are

and he is going to get his tax money

>> No.8753627

>>8753617
What if I move to Ukraine with my crypto earnings?

>> No.8753666

What if I just pay on my capital gains and just do like just one taxable event? Are those fuckers even going to bother if I'm giving them the right amount anyway? I have thousands of trades, fuck declaring them all.

>> No.8753685

All I'm going to do, is report the 130k I cashed out and that's it. If they want me to pay income on it sure I will. But then again.. I don't have much keeping me back here. Maybe I'll just take the amount they are wanting to take from me and just buy a hut on a beach somewhere.
I ain't gonna mention anything else I hold and you guys would be dumb to even say you hold coins if you've never even cashed out.

Screen shot this because this is how you do it. Hold out until it's confirmed exactly how gov is going to regulate the industry.

Or you could fly to another country on your wage cuck bucks and cash out there. Man you guys literally need somebody to hold your fucking hand??

>> No.8753695

>>8753627
that might work

>>8753666
no, dude, that's why you're fucked. those thousands of trades are thousands of taxable events. this is how this shit is getting shut down

>> No.8753720

>>8753685
it has been confirmed, the IRS has issued a clarification on the matter. that is, they have said, "we already have these laws; this is how they work, pay attention"

they do not do this unless they are rolling up their sleeves in order to assrape everyone. it's their, "don't say we didn't tell you"

so uh, don't say they didn't tell you

>> No.8753732

>>8753720
-t government worker

>> No.8753757

>>8753666
It won't really matter, the records are a legal requirement though so they could ping you if they really wanted to. Most likely scenario is they ask for them and you will scramble to get them all in order like a bitch. Keeping accurate books is pretty fucking basic, if you find it too difficult you were meant to be a wagecuck.

>> No.8753793

>>8753720
No matter.
My finances are in the hands of an accountant that will do whatever the fuck I need, I sign a piece of paper and pay them a couple k and the gubment won't be knocking.

>> No.8753805

>>8753732
lol you gonna get audited

fuck you dipshit

>> No.8753816

>>8753793
>couple k
lol, try 20, 30 thousand

dumbass. fuck you

>> No.8753820

>>8753439
Buttfucking your mom.

>> No.8753833

>>8753793
How is an accountant meant to do anything without the data, why do you have an accountant to tell you how much to pay on the 130k you are reporting?

>> No.8753841

>>8753805
Im gonna get audited and because i have no non-crypto assets or a job, they are going to have to fuck off. Neet life so comfy

>> No.8754258
File: 193 KB, 960x796, 0130e0867e7a470999ab739a5bbae526.jpg [View same] [iqdb] [saucenao] [google]
8754258

Tax shill posts are coming from Israel... they are only posted and responded to during israeli working hours.

>> No.8754295

>>8754258
You would have to be pretty dumb to think that a pagan symbol, given the connection to Moses' staff turning into a snake in front of Pharaoh.

>> No.8754479

>>8754258
Most of it is veiled hodl / sell shilling

>> No.8754544

>>8753439

i thought mining a bitcoin is gaining 1 bitcoin at a 0 cost basis (other than cost for mining)

>> No.8754570
File: 171 KB, 2880x2093, tax-calendar-2018-updated.png [View same] [iqdb] [saucenao] [google]
8754570

April 17 you stupid fuck.

>> No.8754669

>>8753841

In all seriousness anon, I believe the income demographics primarily targeted by the IRS, IE their "audit-zones" are the folks bringing in millions, and those with little and no reported income, but with financial activity reported by other entities (like someone with no job, who cashes out large amount of crypto to fiat but pays no taxes).