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14672428 No.14672428 [Reply] [Original]

in attempt to clampdown on Bitcoin tax crime

>The IRS plans to interview family and friends, search through social media posts, and issue subpoenas to ensure people pay taxes on their Bitcoin, according to a presentation given to the IRS Criminal Investigation division.
Are you ready to have your friends and family interviewed anon?

>For more difficult to obtain information, the presentation suggests obtaining Grand Jury subpoenas for Apple, Google, Microsoft, bank, credit card, and PayPal records.

https://cryptoslate.com/irs-conducting-electronic-surveillance-in-attempt-to-clampdown-on-bitcoin-tax-crime/

>> No.14672664

>>14672428
Oh please, let them audit me for this. I would welcome them in the front door, let them get nice and comfy on the sofa, offer them something to drink, and then produce for them my trading record which shows that they owe me thousands of dollars! Then I would laugh and laugh, and call them bootlicking Federal Reserve stooges to their face.
The IRS has no right to exist.

>> No.14672711

>>14672428
>transferred all my money from my bank into bitcoin
>has never cashed out
i-im okay, right guys, im just a holder

>> No.14672722

>>14672428
The IRS will be brought down by the Epstein case and replaced with smart contracts.

>> No.14672723

>>14672428
Fuck em they can print their own money kek

>> No.14672732

>>14672428
Well. Fuck.

>> No.14673169

>>14672428
Kek oh my fucking god look at these retards. This is the worst PowerPoint I have ever seen, how will these knucklefucks even begin to figure out how to do surveillance? They can’t even figure out how to put together a powerpoint

https://drive.google.com/file/d/1slktEc0dNEsOsbzfLquDXdbvCSy4FI7r/view

>> No.14673244

>>14672664
>>14672664
how is your trading record going to show they owe you?

>> No.14673270

Oklahoma City

>> No.14673307

>>14673244
If he used solar panels and also donated to baby hospitals, it would be a start. You could even have a trigger that donates a bit of crypto to a children's shelter everytime the IRS searches you up

>> No.14673309

>>14672711

You'll pay way less than people who trade.

>> No.14673331
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14673331

>>14672428
What profits?
REALIZED PNL: -100%

>> No.14673381

>>14673331
Imagine conducting interviews and doing all this work to go after retail retards who lost everything at the bitmex casino. They have to have priorities.

>> No.14673415

>>14672428
>Social media
don't have any
>family and friends
kek ok
>subpoena
subpoena what? I don't keep my shit in exchanges like a dumbass
don't the fucking irs have better shit to worry about?

>> No.14673733

So how does taxes on crypto really work? So lets assume that it's a short term capital gain, and it's above my current individual income bracket. What do I pay in taxes on the crypto when I attempt to cash out? Everything I've read makes it sound as if it's taxed at the same level of my individual income tax bracket, but the tax calculators that I've attempted to use make it seem as if its taxed in its own individual bracket based on the size of the revenue.

>> No.14673753

>>14672428
Jokes on them, I don't have any friends and don't talk to my family

>> No.14673770

>>14672428

>pay taxes
>people with guns come threatening you to give your money up

It's called robbery