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10937828 No.10937828 [Reply] [Original]

If you didn't pay your taxes, will the IRS come to you when you transfer to your bank account or when you buy a house with your money?

(asking for a friend)

>> No.10937855

>>10937828
they'll wait until you use the money to buy a house to really fuck you

then Uncle Sam will garnish your paycheck

>> No.10938947

The bank will block the money and inform the authorities.
When they get the green light that all is explained they will rekease your funds...

Happened to more than one anon.
DYOR

There us no cashing out unless you know someone high in the bank

>> No.10938970

The IRS is bro tier they don't care

>> No.10939002

>>10938947

This. Cashing out is literally a meme. If you're already in this shit you'll just have to hope this shit becomes an actual currency one day(it won't)

>> No.10939012

>>10937828
any transfer of ~$10k (maybe less) into your bank account gets automatically flagged. if you can't explain where it came from you are gonna have a bad time.

>> No.10939025

>>10938970
>The IRS is bro tier they don't care
r-really?

>> No.10939074

>>10938947
>>10939002

Yep

>> No.10939106

>>10937828
Use localbitcoins to slowly cash out IN CASH. It's the only way. Or you could buy gold with your bitcoins then sell it in a few pawn shops.

>> No.10939113

I fucking hate the government more than anyone but honestly anyone reading this if you didnt pay your taxes last year your best bet is to just admit you fucked up and pay what you owe plus penalties and interest. your only other option is to launder and hide your money for the rest of your life but if you get caught doing that you're looking at a lot more than fines and interest.

>> No.10939120

>>10939106
Good idea

>> No.10939141
File: 367 KB, 532x398, tenor.png [View same] [iqdb] [saucenao] [google]
10939141

>>10939113
This, just suck it up and pay what you owe.

>> No.10939162

>>10937828

They'll drain your bank accounts, take your house, car, and any other asset you have

>> No.10939450

>>10939162
...so like women.

>> No.10939484
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10939484

>They live in a country where you pay taxes on unrealized gains....
LOLLLLLLLLLLL

>> No.10939536

>>10939106
Yep. This is the only way. Also, the best way to put money in, since KYC is a thing.

>> No.10939552

>>10939025
If youre not a brainlet, yes.

>> No.10939994
File: 114 KB, 736x756, 1533511793079.jpg [View same] [iqdb] [saucenao] [google]
10939994

>>10939141
this anon is correct. Just pay your taxes.

>> No.10940070

>>10939450

yea, pretty much. It's like getting divorced.

>> No.10940102

You need to start a business and use those business costs to offset the tax on your crypto cash out.
Real estate is good for this but only as an investment property

>> No.10940228

>>10937828
Pay your taxes. I don't understand why ever retard here is worried about that? Why not invest a llittle extra to cover it? The lot of you are going to get in big shit one day because you decided to be principled rather than smart.

>> No.10940878

>>10940228
How do you pay your taxes if when you cash out it is blocked by the bank, as these other posters are saying?

>> No.10940949

>>10937828
they send you a very polite letter

>> No.10940968

>>10940878
Anon the bank only "blocks" your account when you already owe bank taxes

>> No.10940974

>>10937828
I havent paid taxes in 11 years.
Havent heard from em yet....

>> No.10940975

>>10940228
>>10939994
>>10939141
Literally none of you have cashed out
see
>>10940878

>> No.10940982

just pay your taxes you stupid kike

>> No.10941001

>>10940974
This

You can cash out small amounts bi weekly for less than 10k. Or use bitpay

>> No.10941013

>>10940975
>transfer money to bank
>if gets frozen, explain situation and pay taxes

???
What is so hard to understand

>> No.10941016

>>10937828
Go all in crypto. Choose one, I like eth but DYOR. Memorize the private key.
Prepare for a jail sentence.

>> No.10941036

>>10939484
Stop taking stupid pills

>> No.10941061

>>10941013
banks freese assets because of fraud and money laundering laws, not because you own taxes you literal imbeciles

>> No.10941077

>>10941061
Government will absolutely reach into your account, take everything it can, and freeze the rest. Ever met someone in serious tax trouble? They do that shit all the time.
Separate from the old system, do what cosby did (not the rape)

>> No.10941082

>>10940974
>>10941001

The IRS has all sorts of sophisticated tools to pull out the bad actors. There's plenty of fools who think they've escaped the tax man only to realize they're in deep with back taxes.

Pro tip: there ain't no limitation for substantial understatement of income.

>> No.10941467

>>10938947
>There us no cashing out unless you know someone high in the bank
lol
just fucking pay zero-basis if you cannot calculate your cost-basis to pay proper taxes. that simple. give uncle sam his money and you can cash out anything.

>> No.10941475

>>10939002
>>10938947
>>10939025
anti-crypto fudsters fuck off, i know plenty of friends who have cashed out 5-6 figures WITH NO JOB - they just paid taxes.
fucking kek. no coiners.

>> No.10941477
File: 87 KB, 520x767, huh?.png [View same] [iqdb] [saucenao] [google]
10941477

>>10939002
>>10939074
I seriously hope you're both joking... I invested around 15k€ in BTC and 1.2k€ in LINK yesterday, mostly for memes but also because I inherited 20k.(after taxes) now you're telling me that if it pumps, I won't be able to cash out? Or that my gains will be severely taxed by the government? Why the fuck? I literally thought that it was an easy get rich quick scheme. I remember all the hype from December and didn't want to miss out.

>> No.10941509

>>10941082
By the time they find out, you should have accumulated enough fiat to exit scam and move to a third worlder-- if you're financially competent