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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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27071118 No.27071118 [Reply] [Original]

Being charged criminally. The IRS is charging me as a criminal for unpaid Bitcoin taxes. You may think this is a joke. It was unexpected for me too. But I am staring down actual jailtime now. Don't fuck your life up, /biz/

>> No.27071485

>>27071118
did you just not fill them out or try to hide it somehow?

>> No.27071584

post the letter faggot

>> No.27071755

>>27071118
N

>> No.27071838

>>27071118
who cares, you are literally no one important. they are not going after basement dweller randos

>> No.27071844

>>27071118

it doesnt need to be claimed until you put it into your bank account

>> No.27072210

>>27071118
proof or gtfo

>> No.27072235

>>27071485
I never filed.

>>27071838
they literally are though. I'm about to get thrown in a cage.

>> No.27072625

>>27071118
how much

>> No.27072775

>>27071118
You can take a collage course.in jail it will be fun, like camping
Dont pay them anything in minecraft and force them to pay for your jail instead

>> No.27073154

>Some or all net capital gain may be taxed at 0% if your taxable income is less than $80,000.

>> No.27073484

>>27071118
This seems like the same exact sort of larp as this thread: >>27063127


Fuck off fed shill

>> No.27073500

>>27072235
only alien migrant children are thrown in cages
post details or you're glowing

>> No.27073508

>>27071118
Did you utilize several different mixers?
Did you use Monero?
Did you trade through Kodachi torified anon setup with some obscure exit node in bum fuck commie country?
Do you even have a hardware wallet?

Did you blab about crypto to people alot especially irl?

>> No.27073509

How much you sold? You have to be at least 5 figures in before I imagine they start giving a fuck.

>> No.27073576

faggot

>> No.27073641

>>27073154
only for long-term capital gains

>> No.27073645

>>27073484
this. they fear our power

>> No.27073764

>>27072235
>all in xmr
>first flight to thailand
or
>all in link
>memorize 12 word seed
>go to jail
>go out in a few years to 81k$ linkies

>> No.27073921

>>27071118
Remember, God favors those with faith. He hears his children cry out to injustice.

>> No.27073936

Fake and gay
SAGE

>> No.27073941
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27073941

not living in a tax friendly state

>> No.27073950

>>27072235
you can't pay them if you're in a cage, bro. just pay them lol

>> No.27074085

>>27072235
How much did you not report, and what is the penalty?

>> No.27074177

>>27072235
>I never filed.
Wait, you didn't file AT ALL!???

>> No.27074183

>>27073641
yes. long term, high conviction traders are master race

>> No.27074296

>>27071118
I filed and paid like a good little boy... every year

>> No.27074818

>>27071755
I

>> No.27074846

>>27074296
Did you account for every transaction? Even crypto to crypto trades?

I was mostly just messing around (less than 500 dollars) and I don't actually have good records of this. I think I will just report the net result as short term gains. Doubt they will come after me for 500 dollars though, and I think I made a reasonable attempt to file.

>> No.27076424

>>27074183
How does one go about paying 0% long term capital gains without moving to Puerto Rico? Asking for a friend.
Step 1: hold longer than 1 year
Step 2: ???

>> No.27076513

>>27071118
if you're rich just move lol

>> No.27076662
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27076662

>>27072235
Open an offshore account and pull a McAfee

>> No.27076762

>>27073154
It's 38000 or less income for 0 cap gains if holding more than a year

>> No.27077034

>>27074846
Just put down your dollar cost basis and what you sold it for. They just want their 23.8% cut

>> No.27078992

>>27077034
Righto, I think I can do that.

>> No.27079433

>>27071118
you all have no idea how stupid you are trying to dodge the IRS. I was told they now have a.i. algorithms that tell them everything. The process is totally automated.

>> No.27079628

>>27071118
literally letter or fuck off. nothing you say adds up.

>> No.27079798

>>27079628
obvious tax fud is obvious

OP doesn't know that we all live on militia compounds running monero miners surrounded by booby traps and 50 cals

>> No.27079884

>>27071844
lol this doesnt sound right at all. it is when you sell off to another asset

>> No.27079947

>>27079628
I just had to retain a criminal lawyer to fight this in court. They are going after me hard.

>> No.27079961

fake and gay

>> No.27080108

>>27079884
I think it needs to be claimed if you realize a gain (selling for money or crypto-to-crypto). Technically you should also report losses, but I think they really only care if you owe them money.

>> No.27080376

there's many feds in here

>> No.27080539

>>27074846
yes, absolutely - every trade & transaction

>> No.27080695

>>27079947
>hiring a criminal lawyer to fight the IRS
either LARP or hilariously retarded.

>> No.27080721

>>27071118
proofs

>> No.27080880

>>27080539
I don't know every transaction though. I no longer have my account.

>> No.27080960

>>27079947
bad LARP

>> No.27081265
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27081265

>>27071118
>>27079433

... Why do both of you have the same ID?

>> No.27081274

>>27080880
Just do cost basis. They care more about getting their cut than tracking every little transaction you’ve had in some attempt to find hidden value.

The thing with taxes is you get less when you abuse the tax pig.

>> No.27081740

>>27081274
well in my situation I can't pay them anything becuase the money is all gone. So they mad.

>> No.27082143

>>27081740
Contact a CPA and see what they advise. You’re going to have to pay that money if you want to avoid a tax lien or jail, but a professional can help you set up something that will get the IRS off your back and maybe help you wave some of the penalties.

I’m not sure if this is when you should look for a tax lawyer or not. Probably best to see what your CPA thinks first.

>> No.27082260

>>27081740
Alternatively, I hear life in Thailand isn’t too bad.

>> No.27082535

A bitcoin tax just flew over my house!

>> No.27082804
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27082804

>>27071118
>>27079433

Same id's, replying to your own thread? You're glowing.

>> No.27082899

>>27071118
How much did you make in crypto?

>> No.27082934

>>27079947
Then it must have been millions.
Doubting this story. They always let you settle and if you show hardship they set up a payment plan.

>> No.27082943

>>27079433
Fuck off IRS, this board has IDs you idiot.
Outed yourself

>> No.27083045
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27083045

>>27071118
>>27072235
>I never filed.

>> No.27083063

>>27071118
Fuck off retard, I got a CP2000 for $11k in unpaid capital gains taxes from 3 years ago and I just keep rebutting it as they slowly take more and more off the total.

>> No.27083395

KYS you larping faggot

>> No.27083398
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27083398

>>27071118
fake and gay, saged

i recommand you hold long $ROPE