[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 99 KB, 1200x900, 1_Womans-pretty-braid-hairstyled.jpg [View same] [iqdb] [saucenao] [google]
30406422 No.30406422 [Reply] [Original]

>> No.30406459

penis hair

10 years max

>> No.30406514

>>30406422
slap on the wrist in the first world
life in butt fuckin prison in the third world/mutt land

>> No.30406561

>>30406422
Depends on who calls dibs. The fed or the state

>> No.30406574

>>30406422
if you don't file your taxes at all you are better off than filing and omitting anything

>> No.30406578

Just use koinly and not worry bout looking over your shoulder

>> No.30406733

>>30406422
Poor girl. She probably spent hours on it, only for it to look like an alien penis.

>> No.30406743

>>30406422
Depends on how much you owe

>> No.30406767

>>30406743
Depends on who much you know

>> No.30406814
File: 3 KB, 125x123, 1508568222588s.jpg [View same] [iqdb] [saucenao] [google]
30406814

so what if I only have losses?

>> No.30406884

i feel like i've seen this picture a million times and only just now realized its a penis

>> No.30406936
File: 26 KB, 640x640, 1610505634774.jpg [View same] [iqdb] [saucenao] [google]
30406936

>>30406459

>> No.30407164
File: 72 KB, 334x238, 2021-03-07_08-27.png [View same] [iqdb] [saucenao] [google]
30407164

>>30406422

>> No.30407234

>>30407164
made for bph

>> No.30407246

>>30406814
Then you report the losses and the IRS will have to compensate you for everything you've lost. That is their purpose. They're there for the little guy. You and me. Just make sure you're hyper aggressive about what they owe you in your dealings with them. Assure them you know it is their place to pay you this and it is your right.

You'll be surprised when the thousands and thousands of dollars you thought you lost on your wild and dangerous speculation all come back to you thanks to the IRS.

>> No.30407473

not time, you owe back taxes and penalties

>> No.30407552

>>30407246
WTF, I love the IRS now!

>> No.30407669

>>30407234
Big phallus hair?

>> No.30407696

>>30406514
Kek, this. I got called by tax authorities after 3 years for not paying income on my side business. I just acted retarded and they proceeded to calculate it for me lmao

>> No.30407752

>>30407696
why would ever answer your fucking phone

>> No.30407761

>>30407696
no penalties?

>> No.30407932
File: 261 KB, 1606x2048, 1614961123020.jpg [View same] [iqdb] [saucenao] [google]
30407932

Portugal will start taxing crypto gains soon, fuck my life.

>> No.30408000
File: 113 KB, 413x395, multidrincc.jpg [View same] [iqdb] [saucenao] [google]
30408000

>>30407696

dangerously based

>> No.30408067

>>30407246
this cant be real can it? i know youre trolling about being there for the little guy, but (((they))) arent going to give you shit back for losses in stocks right? wtf?

>> No.30408147

>>30408067
He is joking but there is truth to what he is saying if you are black or any other color than white.

>> No.30408291

>>30407932
What, any news? Link? When? FUUUUUUUCK

>> No.30408315

The tax lady asked if I had any digital currency this year, for the first time. Guess the gravy train is all ogre ;/

>> No.30408390

>>30408147
so if a retarded nigger lost a bunch of money on meme stonks, the IRS will pay it back? that can't be right...

>> No.30408593

>>30408390
>He doesn't know

>> No.30408650

0 as long as you flee to some random 3rd world shit hole and live as a local king

>> No.30408814

>>30407752
Because there can be some potential client aka golden goose calling?

>>30407761
No, they did low key tell me to stop fucking around though.

>>30408000 (checked)

>> No.30408867

Honestly can't find a good answer for this. I have never once converted back to fiat. 18k is UNREALIZED capital gains. What to I do, what do I owe.

>> No.30408940

>>30407164
I'm gonna cooom!

>> No.30408993

>>30408867
Crypto to crypto is taxed unfortunately. They view it as changing to fiat and then instantly buying something else with that fiat. For burgers at least

>> No.30409147
File: 3 KB, 125x78, 1597889603133s.jpg [View same] [iqdb] [saucenao] [google]
30409147

So, if only have losses, will they still rape on CGT events when I was swinging positions like a faggot?

>> No.30409194

>>30408993
What's the rate? How do they calculate that? 100$ of bitcoin to 100$ of etherium say. What do I owe? And fucking why would I owe that lol. That makes no sense to me.

>> No.30409501
File: 193 KB, 1545x869, D5703B11-AA66-4B3D-8758-BC98BCB0DB35.png [View same] [iqdb] [saucenao] [google]
30409501

>>30407164

>> No.30410254
File: 275 KB, 750x458, pepe33.png [View same] [iqdb] [saucenao] [google]
30410254

just HODL all crypto over a year and there is ZERO taxes

source: I was at my CPA friday

>> No.30411723

>>30410254
this means no converting to other coins, right?
say I wait a year, then convert to another coin, no taxes. but, would you then have to wait another year?

>> No.30411827
File: 1.93 MB, 235x240, 6519564497.gif [View same] [iqdb] [saucenao] [google]
30411827

>>30407669
yes

>> No.30411829

>>30411723
converting coins creates a taxable event so you would have to report it if they were tied to your social in any way

>> No.30411930

>>30411829
economy's cringe m8

>> No.30412402
File: 784 KB, 899x899, merchant.png [View same] [iqdb] [saucenao] [google]
30412402

I cant wait to get clients like this once they're fucked, I can charge so much more for their ammended tax returns than if I just did them right in the first place.
As far as jailtime, not likely but interest, penalties, garnishments if you cant pay, ect. are extremely likely.

>> No.30412500

>>30406733
that's exactly what I thought this is, a big alien cock

>> No.30412675

>>30407696
what country?

>> No.30412729

>>30409147
Imagine you go to the casino and you're playing blackjack. You bring 10k. You win a few hands and double your 10k to 20k. You now owe taxes on 10k. You lose the next several hands and lose it all. You can deduct 3k of your losses for the year to offset your 10k win. Yes, you still owe taxes on 7k from the 10k you won originally. The absolute state of trading and the IRS.
Just pay taxes on what you cash out fiat by claiming zero cost basis and that mined your crypto.
I mean, you didn't make a bunch of trades on a centralized platform with KYC, right Anon???

>> No.30412799

>>30407932
Sauce now.

>> No.30412839

>>30408993
That's why you go crypto->monero->crypto and just say you bought and consumed drugs

>> No.30412842

>>30406422
none, theres no such thing as debtors jails. IRS wants to get their cut, and they'd rather get it than put you in jail.

>> No.30412914

>>30408067
no its real, that is how it works. you're allowed to claim 3-3.5k in capital loss per year, any extra can be carried over into the next 5 years.

>> No.30413039

>>30412914
its max 3k and the 3k loss can carry over for 3 years. i went over all this shit on friday with my tax guy

>> No.30413056

>>30413039
my bad

>> No.30413488

>>30407246
there is no compensation, its just a tax loss carryforward of 3k a year to offset taxes on your other income

>> No.30413578

No time, just a fine

>> No.30414166

>>30413578
if youre not able to pay there very well can be jail time. if you atleast report it early they will set you up on a payment plan. avoid it and the fees rack up over the years

>> No.30414842

>>30406422
that's a weird veiny penis

>> No.30414878

What if you invest chump change and make chump change, talking in the hundreds range, you still have to go through taxes? Fuck the gay bullshit earth

>> No.30414984

>>30409194
If that Bitcoin was fiddy bucks when you bought it then they count the 50 extra as a capital gain as soon as you buy the ETH

>> No.30414995

>>30407696
What country?

>> No.30415148

Do I have to pay taxes if I never cash out
>t. burger

>> No.30415253

I thought if you leave it in there for over a year and under 40k there is no taxes?

>> No.30415439

>>30406574
this is what i do. i just omit some stuff, less suspect.

>> No.30415475

>>30415148
You have to pay taxes everytime you trade, cashing out doesn't matter except it counts as a trade

>> No.30416194

>>30407164
This is some H.R. Giger shit

>> No.30416389

>>30415475
How can I pay taxes if I don't cash out though?

>> No.30416516

>>30416194
kek'd

>> No.30418126

>just got into crypto a month ago
>bought btc and eth at the top like a noob
>traded a few bsc shitcoins like a noob
>still haven't broken even
>no fucking clue how to file my taxes now

do I really have to pay $49 USD for koinly so I don't get sent to federal pound-me-in-the-ass prison?

>> No.30418649

>>30406422
I'm gonna puke

>> No.30418835

>>30416389
Well, if you have a job they can take 33% of your check right out with your regular taxes, or if you have a bank account they can take that, lots of ways to pay

>> No.30418931

>>30414878
chances are they're not going to come after you, it'll cost then more than what they'll get from you