Its over

[Anonymous No.56747642]

>IRS wants more documents for crypto trades

OH MY FUCKING GOD

[Anonymous No.56747677]

Send a screenshot of block chain explorer. Bitch

[Anonymous No.56747680]

>>56747642
>just doesn't report transactions
Haha, OOPS

[Anonymous No.56747733]

>>56747642
I have so many defi transactions I don't even know if a top CPA could figure it out

[Anonymous No.56747762]

>>56747642
Next time do your taxes yearly you fucktard

[Anonymous No.56747773]

>>56747642
larp.

[Anonymous No.56747777]

fuck the IRS

[Anonymous No.56747790]

>>56747642
why dont you just do cost basis as zero.

[Anonymous No.56747837]

>>56747642
export trade history as .csv, hire accountant, welcome to adulthood. Daddy IRS loves when you send money every quarter. Any amount is fine but the more the better.

[Anonymous No.56747839]

>>56747790
i fucking did, theyre still ASKING FOR MORE DOCUMENTS

how the fuck am i gonna dig up uniswap trades from 2021

[Anonymous No.56747855]

Just check the blockchain bro

[Anonymous No.56747889]

>>56747839
Huh? then say it was a gift.

[Anonymous No.56747899]

>>56747733
this. I'm fucked when I cash out

[Anonymous No.56747909]

>>56747837
>adulthood
It's called slavery, dumb nigger. We've fought civil wars for less

[Anonymous No.56747957]

>>56747909
Yeah well I like Ron Paul too. I'll make sure and make a thread when they audit the fed. Also, Monero is a honeypot for dipshits. Privacy coins do exist though and are perfectly legal to use.

[Anonymous No.56747972]

>>56747642
just tell them that a smart contract ate your documents

[Anonymous No.56747975]

>>56747839
BTW how much did you cash out? how much taxes did you claim initially? seems like theres more to the story

[Anonymous No.56747993]

>>56747972
Kek

[Anonymous No.56748066]

>>56747975
cashed out $150,000 last year

[Anonymous No.56748118]

>>56747839
>how the fuck am i gonna dig up uniswap trades from 2021
put your addresses on debank and check history

[Anonymous No.56748124]

Embrace DEX supremacy. Kinetix and OTX are my home now. I'm done bending the knee to literal niggers and jews.

[Anonymous No.56748141]

>>56748066
sounds like you conducted some shitcoin scams and refuse to give the IRS information in fear of the DOJ going after your ass.

[Anonymous No.56748143]

>>56748124
im disgusted and I hope you regret it so much you kys

[Anonymous No.56748149]

>>56748124
Fuck off, I'm not getting off binance

[Anonymous No.56748150]

>>56748066
How did you manage to cash out that much

[Anonymous No.56748154]

>>56748150
central exchange. I paid the taxes, what the fuck do they want

[Anonymous No.56748157]

>>56748124
And chinks

[Anonymous No.56748163]

>>56748124
Doesn't matter this applies to everyone trading crypto.

They want it dead and or extremely tame and well behaved according to their rules. OTX is under investigations related to Tether right now lol

[Anonymous No.56748177]

>>56747680
will pretending to be retarded with technology get me out of trouble if they ever find out im not reporting transactions and using monero etc?

[Anonymous No.56748188]

>>56748124
based. binance is dead anyway, what's left for kyc cex? nothing better than dexes really. besides we all know exchanges like these do a shit ton of manipulation behind closed doors never forget they buy and sell from one another just to pretend to have enough money readily available for its users

[Anonymous No.56748198]

>>56748066
lmao retard, I bet you did it in large chunks too, ie over $10k wdl's

[Anonymous No.56748201]

>>56747839
>>56747889
>Oh it was a gift? Cool cool. So who gifted it to you?

[Anonymous No.56748205]

>>56747839
do you not know how etherscan works?

[Anonymous No.56748208]

>>56748177
no. you will only piss them off more
>>56748201
>a friend overseas

[Anonymous No.56748213]

>>56748154
They want to look over your shoulder at all your trades from now on. You can play ball or suffer some form of tragic boating accident.

[Anonymous No.56748215]

>>56748201
my fortnite buddy xXx_killallnigs_xXx

[Anonymous No.56748218]

>>56748198
well yeah, whats wrong with that?

[Anonymous No.56748234]

>>56748218
you literally put yourself on their watchlist.

next time, retard, do smaller chunks, ie keep it around what someones pay might look like, say $2000 a fortnight.

>t. someone who has worked in banks/finance at a high level for over 15 years

[Anonymous No.56748249]

>>56748234
why does it matter? i cashed out 150k in total, paid the taxes, if i was financing terrorism or some shit i wouldnt cash it out to citibank and use it to pay rent would i

[Anonymous No.56748257]

>>56748177
If you got monero from a cex you're pwn'd
They are legally required worldwide to ciphertrace your shit and log ip/device id's etc.
https://ciphertrace.com/enhanced-monero-tracing/

[Anonymous No.56748267]

>>56748249
because YOU PUT YOURSELF ON THEIR WATCHLIST.

They don't care that you paid taxes they want to make sure you paid enough.

You could have avoided this by;
1. Cashing out smaller amounts.
2. using a crypto debit card
3. both of the above at the same time.

[Anonymous No.56748298]

>>56747642
Tokentax VIP is what I've used since 2020. Costs quite a bit though but worth it. They usually do discount codes for BF.

[Anonymous No.56748314]

>>56748249
They have all blockchains under constant surveillance. You could have had a transaction get included in the same block as some ahkbar and some govt office drone flags every tx in the block. No one fucking knows. They are very reasonable as long as you are honest. If it gets bad then you gotta accountant/lawyer up. The IRS loves accountants.

[Anonymous No.56748373]

>>56748177
Never hold or squeeze a rat like this as it can injure them

[Anonymous No.56748385]

>>56748267
ok so are you saying cashing out 150k in crypto at once is safer than cashing out 10,000 every month?

[Anonymous No.56748432]

>>56747839
They require form 8949. Did you not file it? I've filed one every year since 2017 and so far they've been fine with it.

[Anonymous No.56748481]

>>56747889
Not how it works, would be grounds for tax evasion.

[Anonymous No.56748498]

>>56748385
bro.

[Anonymous No.56748511]

>>56748498
tell me how the fuck i cash out 150k in crypto, pay the taxes, have a job, no record and still be flagged for fucking terrorism or some shit

[Anonymous No.56748522]

>>56747733
I used a crypto tax software and it was 212 pages in total lmao

[Anonymous No.56748547]

>>56748511
re read
>>56748267

[Anonymous No.56748549]

>>56748511
Because you didn't file the right forms.

[Anonymous No.56748550]

>>56747677
This. Lmao

[Anonymous No.56748554]

>>56748511
You should try running a mildly profitable business with a handful of employees and see how far the IRS crawls up your ass fren. If you are getting polite requests, comply. If they have an issue, they are legally required to tell you the issue.

[Anonymous No.56748560]

>>56748177
only if you're a female. men are accountable for financial stuff.

[Anonymous No.56748579]

>>56748511
cashing out big amounts is better yes because it looks like it was a one off win. just pay the tax and carry on.

if you cash out 10k every monthy they know you are sitting on a lot of money and want to take it.

[Anonymous No.56748580]

>>56748554
For real they did a field audit of my dad once and he did nothing wrong. Bunch of fucking crooks the IRS is. Fuck them in the ass.

[Anonymous No.56748631]

everyone paying taxes for crypto is a fucktard that doesn't understand the tech behind it
ur safe and a small fish
they're probably spamming 4chan and media like jeets to drive payments

[Anonymous No.56748702]

>>56747642
>IRS

If you are able to. Leave.

[Anonymous No.56748891]

>>56748267
>They don't care that you paid taxes they want to make sure you paid enough.
what?

they dont care if i paid my taxes???

[Anonymous No.56748982]

>>56748234
Larping bitch.
Even bringing in 500 dollars when you are starting out with a bank will cause them to ask you where you got it.
2000 will require proof or they freeze your account.
This is why rich asians all have their wealth in cash.

[Anonymous No.56749022]

>>56748511
Because you won in with gambling.
They hate that shit and will tax you harder soon.

[Anonymous No.56749045]

>>56748549
>Because you didn't file the right forms.
?????? like what??

[Anonymous No.56749073]

>>56747642
I just sent them my block explorer info, the amount of VINU i bought earlier this year, the document for the sora card mastercard approved and voila, they never bothered anymore. Just send them legit info and they'll be off your hair

[Anonymous No.56749114]

Oh great, another opportunity to share my guerilla tactics against the IRS

>I have a bot running 24/7 buying and selling for a 0 target profit just to waste IRS manpower and money when I do my taxes.
>I print and send the IRS all the documentation about my trades in paper form to stop them from automatizing the process with a computer program.
>I mix blank pages, double prints, ghost prints, mark/write in them, etc just in case they have a way to scan and use some sort of recognition software to trivialize the work. That way they MUST look at thousands upon thousands of pages individually and see random schizo scribblings, swastikas, drawn dicks, etc while doing their job.
>It's a whole pallet full of shit so I hire a guy to forklift and send the entire stack because I assume it's more troublesome for the IRS to deal with it that way.
>All the documents are numbered but I pack everything "randomly" (wink wink) in case the timeline of the trades is important. I leave the first trades of the fiscal year at the bottom of the pallet AND at the bottom of each box so they now have to bend the knee to deal with boxes before they even start looking at numbers.
>My normal trades are also mixed in so they can't just ignore everything. I pay a tax managing company to make sure everything is flawless as I assume whoever has to deal with the bullshit extra work is going to triple check everything to fuck me over as a form of revenge which unknowingly increases their work load further for no real payout.
>This costs me thousands of dollars every year. I make sure to send the invoices of how much all the processes cost me wrapped in the pallet so that whoever is in charge of it knows I'm wasting the equivalent of three months of their waging doing asinine shit.

[Anonymous No.56749197]

>>56749114
Enjoy prison in a couple of years.

[Anonymous No.56749201]

>>56749114
I tried to send you the ghostbusters are you a god gif but it was too big.

[Anonymous No.56749234]

>>56749197
Charges good sir?

[Anonymous No.56749287]

>>56749234
Annoying the taxman never ends up good.

[Anonymous No.56749300]

>>56749114
May the lord smile down upon you anon. You are truly an angel.

[Anonymous No.56749505]

>>56749197
8 years and still going strong, son. I make sure that every little thing I do is within the law and the IRS requirements. Every year.
As long as physical format remains the standard they are obligated to accept it. It's that simple.

[Anonymous No.56749577]

>>56748257
>They are legally required worldwide to ciphertrace your shit and log ip/device id's etc.
>https://ciphertrace.com/enhanced-monero-tracing/

horseshit FUD, can't trace Monero deterministically, in over 7 years of darknet usage exactly 0 vendors/admins have been traced.

https://moneroinfodump.neocities.org/#CipherTraceFail

FUD harder, faggot, I can do this all day.

[Anonymous No.56749630]

>>56749577
Hey look everyone the fed faggot is here! So everyone is lying? Mastercard owns ciphertrace. Are they lying to the VASP's who are required by law to pay for their service too? Go back to your rage cage general, and enjoy my tax money you fucking fed.

[Anonymous No.56750004]

>>56747642
This gives me anxiety, I mostly keep my own records what am I going to do about some shit exchange that shut down years ago.

[Anonymous No.56750014]

Imagine telling anyone you have blockchain

[Anonymous No.56750074]

>>56747733
>>56747899

I've been filing my taxes with tons of defi trades (200+ pages) for 3 years now and have not had a single problem. Put all of your addresses/exchanges/etc into a crypto tax software - they're about $100 each and you should use two or three and see what comes out. Go with what looks the most accurate. Then give that to your accountant, and yes, you need an accountant. You don't necessarily need a crypto one, since you've done all of your crypto taxes yourself with the software, but get a boomer that has been doing this a long time. Have him file and mail in your returns.

I've had years where I've made like 170-200k and owed 50k in taxes and years later everything is kosher. The first year I was super stressed about it and even intentionally overestimated how much I owed by a few thousand dollars only for the IRS to send me a letter saying wow gee whiz your calculations matched exactly what we had too lol.

Just do your best to estimate everything as close as you can if there is any vagueness, spend the money for professional crypto tax software, hire a boomer accountant. You will be fine. A friend of mine even got a letter from the IRS saying that they underestimated and that their records indicated that they really owe 2k more than they reported, and guess what? they didn't get audited, they just had to pay what the IRS said they owed. I also have a jewish friend who apparently did not report his memecoin profits for some dumb fucking reason and owes the IRS over $200,000. Not all jews are good with money.

[Anonymous No.56750103]

>>56748163
will work as good as youtubes recent addblock policy
hint, youtube already regretting it, a shitton of new adjusted addblock apps poped up from nowhere, like a shitton of new defi dexes will come up

[Anonymous No.56750114]

>>56749114
based

[Anonymous No.56750191]

>>56750103
You can use coinbase and pay your protection money to the feds or be a leet fucking linux hacker bro with perfect opsec and keep your shit tight as a drum. But the first choice is honestly way easier. If you have kyc'd with any cex, made any crypto related comments on socials, or even watched youtube videos about crypto, then they most likely have you dead to rights anyway.
>>56750074
This. Any old boomer accountant can do the secret handshake with the IRS and pull your ass out of the fire. The income tax industry looks after their own.

[Anonymous No.56750238]

>>56747839
I'm going to guess they want more because you didn't report anything previously and suddenly reported everything with a zero cost basis suggesting to them that you haven't been complying... zero cost basis has the maximum tax applied, claiming zero cost basis alone isn't a trigger for them to want more info, in 2017 I amended all my returns back to 2013 to come into compliance and claimed zero cost basis on any holdings I couldn't figure out because of defunct exchanges that don't exist anymore and they didn't question me about it... I would assume they're trying to hit you with penalties for non compliance

[Anonymous No.56750352]

>>56749114
aaand in the fire it goes
https://www.cnbc.com/2022/05/12/tax-pros-horrified-by-irs-decision-to-destroy-data-on-30-million-filers.html

[Anonymous No.56750393]

>>56750352
So its working then. Good.

[Anonymous No.56750394]

>>56750352
Yeah you know that little box you check on their form stating that you have used crypto? They don't burn those.

[Anonymous No.56750400]

>>56749114

[Anonymous No.56750569]

>>56749114

[Anonymous No.56750627]

I am fully complaint but any audit of my 10k+ degen defi taxes would literally be impossible time wise and would bankrupt me with law / accounting fews. Tax system is so fucking stupid.

[Anonymous No.56750641]

>>56750238
So then it's on them to prove OP was in non compliance. Fuck em.

[Anonymous No.56750655]

In the case of an audit, would sending the IRS a form 8949 be enough?

[Anonymous No.56750669]

>>56750655
You are supposed to file 8949 with your return... When they do a crypto audit they will request all your crypto exchange accounts and wallet addresses, and a history of all transactions incl crypto to crypto. Typically they have some reason to believe you didn't pay enough so if you refuse they can just take your money because its civil, its so bullshit.

[Anonymous No.56750719]

>>56750669
Well, I've been taking my form 8949 along with my W2 etc. to my CPA to file my taxes every year, I should be fine then right? I want to remain honest with the IRS.

[Anonymous No.56750756]

>>56750719
Maybe. The 8949 just lists taxable events. Its generated based on what accounting method you use on your trades. So you either had to get it from an exchange, or use software which you input all your trades into, so if you put all your trades in you should be good.

[Anonymous No.56750760]

>>56749114

[Anonymous No.56750780]

>>56750756
I see, one more question, when I present the 8949 form to my CPA, he just looks over it and inputs something into his form, is this normal? I was under the impression that it would have to be sent over physically to the IRS.

[Anonymous No.56750801]

>>56750780
No, that's normal if its not huge, its just included in the 1040, filed together. Its only if you have a lot of trades you can attach a big data dump separately. In that case you have to send it in separately in the mail in addition to filing. Like I have 10k trades so I print them out in 8pt font on dozens of sheets of paper because there is no way to efile it. But if you only have 100 trades you can file like 10 8949s alone with your 1040.

[Anonymous No.56750833]

i have been cashing out about 40-80k every year since 2019.

using coinbase and gemini.

not paid taxes on any of it, and on my tax i report i own zero crypto..

yall some puccys for real.

im a neet and havent had a job for 6 years and have no assets other then my car...

[Anonymous No.56750853]

>>56750833
srsly?

[Anonymous No.56750884]

>>56747777
Checked.

[Anonymous No.56750947]

>>56750833
They haven't gone after you because if you don't have a job you don't have any fucking income and you wouldn't owe taxes on your long term gains anyway you absolute fucking retard.

[Anonymous No.56750956]

>itt a bunch of pretentious neets thinking they're gonna be rich and stressing about taxes before they have money in the bank
ngmi

[Anonymous No.56750969]

>>56750074
None of the crypto tax software is anywhere close to being accurate with defi.

[Anonymous No.56752150]

>>56747642
>Yeah, about those documents. I don't have them. Listen, you just gotta take my word for it.