/biz/ - Business & Finance

>>20579425
Reported.

>>20579425
based
>>20579447
cringe virgin KYS

PAY YOUR TAXES YOU SICK FUCK THINK OF THE FIREMEN AND THE ROADS

>>20579425

>>20579425
>say I was scammed into sending them and lost them all
“We’re sorry to hear that anon. Anyways, you still owe us”. You’re retarded.

>>20579425
That's all well and good, but you only pay taxes when cashing out anyway. And realistically there's no way of cashing your shit back to dollars without going through a KYC'd exchange.

>>20579425
Based as niggers titties

>>20579474
>>20579513
NGMI

>>20579425
I enjoy your moxie kid. The problem with your plan is that the IRS will come fuck you when you offload those coins into dollarinos. So, if you plan to put them in a wallet forever, you're golden. Good luck spending them.

>>20579513
I think in my country every profitable trade is taxable i.e. switching from one crypto to another is considered cashing out. you only pay 0% taxes if you hold for 1 year

my thought was that you never actually cash out and use some sort of crypto credit/debit card and pay all your small expenses with crypto

>>20579513
it is possible. come to turkey. there are exchange offices that give cash for bitcoin with 2% comissions without kyc.

>>20579588
That's true, but crypto-to-crypto capital gains tax isn't REALLY enforceable anyway, so it still ultimately comes down to looking at the ins/outs when you finally convert back to fiat.

>>20579513
Ever heard of kyc-less atms and person to person cash transactions? Newfags baka

>>20579612
>there are exchange offices that give cash for bitcoin with 2% comissions without kyc.
>>>
>Anonymous (ID: ZuVGi1FX) 07/22/20(Wed)08:34:37 No.20579627▶

how can I find those?

>>20579627
does deleting my coinbase account help to cover tracks?

>>20579425
Based
>sell p2p
>buy goods and sell them
Profit???

>>20579659
why yes

>>20579659
No, but also that would make things worse for you. if the tax man ever does come down on you, you'll want to have evidence of how you obtained your crypto in the first place

Let's say you bought a BTC at 5k and sold it at 11k. You should only have to pay taxes on the 6k gains. However, the burden of proof is on you. If you were theoretically able to wipe evidence of your on-ramp to crypto, and have no proof of your initial loss, then the IRS would treat all 11k as net profit. You'd be paying taxes on 11k rather than 6k

Getting on isn't the problem. It's getting off. But of course, the chances of you actually having to deal with the IRS are quite low unless you're already a business owner anyway, so you could probably just ignore crypto withdrawals for tax purposes and they' *probably* won't ever audit you. Probably. Up to you whether or not its worth the risk.

>>20579646
just google "nakitcoins istanbul" you can find all the info on their website.

>>20579659
>Make a anonymous wallet that cant be traced to you.
>Send it over
>make it untraceable using new wallets and DEX
>say you got scammed to send it to the first adress you created
>funds safu

>>20579776
or just withdraw from paribu without paying a giant fee...

>>20579466
those idiots should've bought link.

>>20579513
>he doesnt know

>>20579425
based

I will make an easy 100x with CAP and not a single IRS smoothbrain will see a dime of it

>>20579425
imagine having balls that heavy

>>20579425
Can this be considered admission of guilt?
Any lawyer fags here?

>>20579612
*gets raped*

>>20580343
Where is the crime you mongo

>>20579425
Haha wow bro you're so cool bro

>>20579736
I worked for the IRS as a GS-10 doing audits.
Here’s some tips
>if you enroll in college and claim educational expenses, your likelihood of being audited falls to less than 0.5%
>if you were audited in the last 3 years, your likelihood falls below 0.5%
>if you own a business, your likelihood increases
>if you cash out any 401k or lump sum deposit, your likelihood is over 50%

Why? Cuz auditing students is viewed unfavorably and not worth the time. Repeat annual audits on the same person is not efficient as person is more likely to hire accountant or tax prep service the following year. Small businesses get audited frequently, and the algorithm for assigning an audit for them is like 1000x more likely than individuals. Anytime fidelity or other 401k or lump sum deposit reports to the IRS, it’s usually immediately flagged for review, especially if over $10,000

>>20580456
in op's head. op is a thought terrorist. not paying taxes should be punishable by death. there are people needing that money much more than you

>>20580456
in op's head. op is a thought terrorist. not wanting to pay taxes should be punishable by death. there are people needing that money much more than you

>>20580546
intredasting... what's the threshold for a lump sum deposit, over 10k?

>>20580546
Dont care; not paying.

>>20579612
But you can't buy anything expensive with it unless you launder it somehow

Oh you got a new car/house anon, where did you get the money from? ;)

>>20580838
For deposits into your own bank, they don’t care. Unless you’re doing a 10k deposit into your bank everyday, such that the 0.9% APY interest from your bank is worth investigating.

The only people that care about lump sum deposits in your bank are mortgage companies, loan companies, or the FBI/DEA.

>>20579447
go back to pleddit

>>20580757
Taxation is extortion. They are taking advantage of me, using force, without my consent.
I didn't consent to be born in this country.
I didn't consent to become a citizen of this country.
I didn't consent to having all my records registered since the day I was born.
I had all those things imposed onto me by force.

The government is your enemy. You're just an ID number that they can extort for the rest of your life, and send you to war if they ever decide they want to start a conflict. Wake up!

>>20579513
cayman islands bruh