/biz/ - Business & Finance

>>29542869
Pay in cash idiot

>>29542869
>random person
they're all undercover federal agents. have fun getting sent to pound-my-ass prison for tax evasion

>>29542974
Any proof to that? Also the fact of buying is not illegal itself.

>>29542916
That's much harder to do compared to just buying off localbitcoins.

>>29542869
Definitely should pay in cash and honestly you’ll only be able to use that bitcoin for small purchases or over the counter purchases. If it ends up being a good amount of your wealth tax man is going to ask where you got that from and expect their fair share otherwise your fucked. Long story short unless it’s chump change you should pay taxes on it or live in fear of the irs

>>29543159
Under the table* kek

>>29542869
Paypal sends IRS invoices you fucking retard

>>29543159
How would I pay in cash? It would take less than 30 minutes to do it online but how would I meet anyone reliable in person without getting robbed?

>>29543239
Fucking retard cant into reading comprehension. I buy on localbitcoins, not paypal, you degenerate.

There already exists technology to automatically obtain data on "unexplained wealth"
So unless you plan on using that BTC cashout for not buying any vehicles, any homes, any luxuries at all, you have a good shot of getting caught.
Just pay your damn tax or flee the country, somalia has 0% tax rate.

>>29542869
If you are still holding and haven't sold, you don't owe taxes.

>>29543850
I understand that if I wanted to cash out and then started throwing money around, there would have been questions. What I don't understand is that if there is no proof that I bought crypto and I haven't used any exchanges that need KYS verification, can my crypto assets be tracked to me?

>>29543873
That's not how it works. You need to report even trading one coin for another on your tax forms and then you'd owe taxes for that.

>>29544135
Doesn't matter if they can be traced to you or not, they can deem the value of the purchases to be your income if you can't explain them.

Uncomplicate your life. Try FUN & LINK. Am doing it slow but sure.

>>29544444
utterly wasted digits

>>29544228
But if I don't cash out, nobody would ever know that I had crypto?

>>29543257
Meet at Starbucks or public place
You could even meet at a police station kek

>>29544780
You're just going to hold your crypto for your whole life and live in a shack somewhere?

>>29544929
I don't want to describe the plan here because I'm paranoid but if I decide to cash out, it wouldn't be a problem, and that wasn't my main concern in the OP-post. My main concern is just putting the money in because I know that I'd have to report all assets and trades, so I'm not sure if my idea with localbitcoins and Paypal has any holes.

>>29542869
you should aim to get a second passport. a third passport if necessary and then just move between countries. if you are american you should renounce your citizenship. earn money in bitcoin and just sell p2p in cash

ive got a reliable 1 or 2 people that i sell bitcoin to in cash. there is no KYC whatsoever. just make friends with bitcoin people in whatever city you live in.

>>29545513
How did you find these people?