/biz/ - Business & Finance

[Anonymous No.26484220]

What happens if you do your crypto taxes wrong?

[Anonymous No.26484350]

nobody has ever lived to tell the tale anon

[Anonymous No.26484397]

>put x into crypto from bank
>withdraw x from crypto into bank
>don't tell taxman about any gains or losses made in magical internet money
What would happen?

[Anonymous No.26484440]

>>26484397
Depends on how much you made

>100 dollars
No one cares

>1 million
Jew man is coming to claim his tax

[Anonymous No.26484444]

As long as you make an honest effort, they'll probably just fine you and make you pay the accurate tax. I doubt you'll get prison if you paid 95% of the amount you owed.

[Anonymous No.26484448]

>>26484397
𓂸

[Anonymous No.26484488]

>>26484220
Wesley sniped

[Anonymous No.26484513]

>>26484397
Nothing.
You do have enough firearms to protect YOUR gains, right?
If the tax man comes knocking on my door, he gets blasted to death.

[Anonymous No.26484538]

They will take 400% of earned gains and imprison you for 50 years, so everyone should just quit this crypto Ponzi and go back to work
Did I do it right?

[Anonymous No.26484546]

>>26484220
feds come to your house and shoot your dog

[Anonymous No.26484590]

If I cash out 10,000 euros x10, would they notice?

[Anonymous No.26484626]

>>26484220
>only cash out under capital gains tax threshold every year
>spend little and live poor for years
>wait until cashless crypto payments are mainstream and never cash out
Fiat is the real funny money brrrrr

[Anonymous No.26484697]

>>26484220
suicide by two shots to the back of the head

[Anonymous No.26484708]

>>26484220
Kleros jail.

[Anonymous No.26484751]

>>26484708
Unironically this

[Anonymous No.26484755]

>>26484220
Forced hormone treatments

[Anonymous No.26484802]

re-education camp on how to be good goy

[Anonymous No.26484824]

>>26484513
And they come back with more guns and tear gas, then you spend life in a federal prison. Don't get too eager, goy.

[Anonymous No.26484893]

>>26484220
The men in black show up and you disapear forever, even your soul is lost.

[Anonymous No.26484933]

>>26484755
Which hormones

[Anonymous No.26484979]

>>26484220
probably nothing, as long as it's less than like 20k or so. and even if it's a lot of money, it'll take the slow as fuck IRS like 5 years to get in touch with you, at which point you will pay the tax you owe + interest + fees.