You're little schemes are coming to an end

If you can't hide crypto gains there is no hope for you other than being a government slave. Do you know any businesses ranging from small businesses to large corporations that don't hide gains?

>IRS
lel americucks

cant be taxed if you don't make money

>muh land of the free
i know you mutts won't believe me. America is one of the least free countries on earth. so many pigs out the street (they are not doing it to protect you), worlds largest prison population. the fuckin IRS tax citizens no matter where you live. so not only does most of the world hate mutts the IRS will take your taxes on global income!
>MUH FREEST COUNTRY IN THE WORLD
t. lived in AZ for 12 years, oh & been to 32 states.

>be amerigrug
>go to harvest festival
>get thrown arrow on head
>town shaman need 5 pebble to fix head
>buy shiny bitrock for 2 pebbles
>bitrock now worth 1 pebble
>town chief need 2 pebbles for tribute

fucking kek'd

>also friendly reminder to buy xmr for anyone else reading this. stop buying shit coins k thanks

THIS IS WHAT YOU DO TO NOT BE A BURGER KEK:

never sell/exchange any coins/tokens on a verified exchange, only buy with FIAT
keep trading without worrying about those filthy regulators.

Once you make it go to a country that only taxes
(out-in)*tax%, that's it very fucking simple
And as a side effect I guarantee you other countries will follow or they can forget about their citizen's money

KEK, yes for 2018, they will be able to deduct.
The still owe 2017 tax which were pure gains.
All you amerifags that are below 50% of your 31.12.2017 folio value literally have a zero worth stack.
JUST'd by the bear and the IRS.
Double JUST!!!

When you spend it it does not mean you don't own taxes.
By spending it you bought something and therefore profited.
You owe tax on value earned.

Only losing and before 31.12.2017 could have saved you

>He doesn't know that the tax code has been switched to a territorial system
Regardless you just sound like a pure fag

Why do you report your crypto holdings? Serious question. Can't logically comprehend why would someone be retarded enough to declare anonymous assets. Is this, dare I say, the peak of burger education?

Because it's the law. And how am I supposed to pay off my house after a $100k bank deposit? You think they're just gonna ignore that?

lmao bend over burger bitches

they MIGHT

I read somewhere that the IRS is reducing the amount of Auditors severely. If you avoid a few key red flags you might slip under the radar.

A law that goes against every principle of freedom America was founded upon. Defy or enjoy living in a totalitarian country in a few decades.

>make $10 on a bitcoin trade
>now owe 30% of your stack because muh taxes

I'm just not going to pay. If they come after me I'll just transfer everything into Monero and sit in jail. IDGAF

Highly unlikely you're more intelligent and better at breaking the law than Capone was.

If they got Capone they can get you dumb fuck.

lol I conveniently lost it all margin trading on BitMEX get fucked IRS

I would bet my whole fucking stack of everything this is a bluff. This is obvious as fuck and you are a stupid cuck if you actually fell for it.

1. Where the fuck is the IRS going to get info on your shitcoin trades? You think the exchanges are going to hand them over?

2. Tokens are property as much as a magic gathering card is property. You see the IRS taxing somebody because he sold a card on craigslist? This is beyond stupid

3. Trusting the fake news kike media. Didn't you learn by now that they are liars?

This is just a fucking scare, and if you felll for it you deserve it.

>implying I live in the Socialist States of America
How much crypto did Al Capone own, you dumb plebbitor?

1. They don't need to. The burden of proof is on you. No proof, they make up whatever penalty/rate they want. Don't pay? Go directly to jail.
2. If you sell your magic the gathering cards and realize a gain, that's taxable you idiot.
3. yes, they're liars. but IRS code isn't.

>implying I live in the Socialist States of America

You know what I fucking meant, arguing semantics is weak.

>How much crypto did Al Capone own, you dumb plebbitor?

Imagine being so stupid that you don't know Capone went to prison for tax evasion.

Hey brainlet do you have to be to write this. You don't owe money until you trade out. So when the crash happens you don't owe the gains you made from the last trade.

Yeah good luck getting my trade history from decentralied exchanges and a chink based exchange

>implying that I'm not implying that Al Capone went to jail because crypto didn't exist back then

This. You just have to fully cash out by EOY. Then start 2019 with your new investment.

>no country is even close to this

Apparently Poland is even fucking worse.

>Go directly to jail.

How long do you go to jail for? Maybe that's an option...

Capone was convicted because the government could prove he was buying things that he shouldn't have been able to afford you retard. Have fun never being able to spend your crypto because as soon as you buy anything over $1000 people are going to start asking questions

>territorial system
no they fuckin didn't, you stupid fuckin mutt, i just wasted my time looking this up. they are talking about it they did not change. i had to leave your country cause of the low IQ, you are one of them.
like you even know what other countries are like

Taxes in the Netherlands are often above 55%

Move out of your socialist shithole then.

Too many pussies out there to allow for actually competitive tax rates

Its scary that you cant exit the us tax system even if you migrate abroad

Its like being born into servitude to the biggest power wielding organization on earth

How does the prison thing play out exactly? So they throw you in the pen for X amount of time. You can still have a significant stack waiting for you when you get out.

Maybe that's an option.

Prison is just awful though

Well the prison thing plays out with you getting raped in the ass.

LAND
OF
THE
FREE

If you defy you go to prison, if caught wiht big sums

In germany only murder a d capital crimes never vanish / become statute-barred

the thing is even if you calculate your taxes like an autist with a surgeon's precision they can come after your ass in 2-3 years regardless. They will just "prove" you were wrong because you took prices of btc from a different exchange then they would like to.

It's made so complicated and ambigous ON PURPOSE, last thing they wanna see is uneomploed neets retireing at the age of 20-30yo. They will never allow it,
That's why you need to take your ass outta there ASAP, if tax laws in my country will turn out to be equally retarded you bet your ass I'm taking my private keyes and never coming back here

Just claim your money was hacked

Hide that paperwallet well Not comparable

It is EXACTLY what you owe. On value added until fiscal year ending.
Even if you don't cash out.
That is the whole issue. Paying tax on gains when cashing out is logical and would be accepted.

Whatever, if it means a clean slate then fuck it. As of now going into debt for merely holding coins into the new year is a strong indication prison is unavoidable anyway.

That or consider just leaving America for good.

Yea but that dude was.killing people

So if everyone defies then everyone goes to jail?

k germanycuck, you know a lot about dictatorships

>open up off shore company
>use credit card for everything

Sure, nothing in life is easy. But right now the current crash means I am 100% fucked. They want more than I have.

File bankruptcy, I thought taxes were on the profits you made? How the fuck do you owe more than you've got?

You mean to tell me you dont pay taxes if you exchange a highly valued pokemon card for a couple low value cards?

Right, you pay income tax once you sell your stack for usd

They will have to treat.crypro like gambling because, surprise, 89.24% of investors are doing exactly that

Pay your tax if you cash out 250k and build a house

Dont if you exchange pokemon cards for a nice bike

Can you sell magic the gathering cards for magic the gathering cards? Is that taxable?

People did trade though, between coins. Which is the same thing as "cashing out".

Because it crashed right as the new year began. I am down more than 50% and all I did was HODL.

I am actually no bullshit considering prison as an option just because of the fucking IRS changed the rules right at the last second.

Blew my mind

What about trading goods in World of Warcraft? Is that a taxable event in the land of jew and a home of the cucks?

What if mass adoption of cryptocurrencies by huge corporations becomes a reality? If this happens these tax regulations would severely fuck over the profits for huge corporations. Many of these corporations could pay off the Congressmen on the ways and means committee to make fairer tax regulations.

It's a little naive to assume our elected officials are the only people in control of tax regulations.

Yeah id be fine to be set for life with groceries, holidays, a nice little boat here and there, maybe a used car...

Many family businesses are very keen on peer to peer, off-the-books trades.

Like that farm i worked at that bred race horses that sold for about 200k tops. One ejaculate went for like 5k

Im sure it was all taxed properly

This shit would make a really amazing comic strip. Kind of a breaking bad vibe but its over shit like this HAHAHA

Too bad I will be in fucking jail so I wont be able to make it. Or maybe that would make the shit even more funny.

no it's not. When you trade stocks you go to fiat inbetween, with crypto you don't and I don't give a fuck about IRS's mental gymnastics

Just leave your country if it's retarded to tax every trade. Simple

So what if you don't cash out but pay a person with crypto for a product?
Say I payed for a house with trtle

Not everyone is a burger you fucking wankstain

Same plan here
Where would you go?
Id get international health insurance and a job to cover just that
And then one long journey around the world

Good luck putting millions in jail. The whole point is to get away from centralization. For people to join one another in a globalized, but decentralized financial system. Worst fucking thing was letting the banksters take over the government.

I'm saying according to IRS policy, your opinion carries no authority unfortunately.

Id just claim my money was hacked
Put it on exchange log in from different device put crypto on some wallet
Aaand its gone

Impossible

This in the wild west grandpa there is no taxes lmao

Question for the state is:

Is crypto/bitcoin money, or not?

If it is, money does not need to be made by a state, thus effectively making monetary policy superfluous

Inb4 gold

You cant pay your taxes in gold now can you

Burger tax system is retarded

I just told my wife that I am no bullshit considering prison as an option. Put the stack away for safe keeping. Wait for them to come for me then just say I am not paying. Go to jail. Leave the country when I get out.

You need to pull everything out right now and just report everything as one big 0 cost basis sell. Get an accountant to help you do this. The IRS usually won't look into it much because the 0 cost basis makes it look like they're getting the maximum amount of money possible. It'll start the statue of limitations running, and just wait for it to blow over.

I'm in this situation as well.

I have no idea what to do.

I'm not going to lose everything for this. I would sooner destroy the wallets then allow this to happen to me.

No one gives a shit pal

It's not money. It's "property" with a fair market value measured in dollars. When that value exceeds cost basis during any exchange, you owe capital gains.

>your opinion carries no authority unfortunately.

>he he look at me how stone cold I am, I'm such a badass, no emotion he he, based IRS will fuck us all ha ha ha what a badass citizen I am

kill yourself you retard. I'm just saying anyone willing to get fucked by his retarded government is an idiot and deservers to be poor.

probably some eastern european country with simple tax laws only on the cash out amount minus initial. My portfolio will be worth 3x more there than in the degenerate west

Should be because it is valued in usd
Oh wait

>You're

You're an illiterate monkey user
And the IRS and just beating their chests
The fact is that if you're not a total retard
Then they wont know about your stack at all

Everything is valued in USD. Everything is worth something.

>crypto
>taxes

LMAO

You wouldn't lose everything. You would just pay whatever the income tax rate is on the value of your portfolio.

>unironically being an americuck
KEK

Let me trade my Bitbeans directly for usd
Oh wait

Its above 100% right now. I lose everything and have to pay more on top of that. Suicide is another option. Prison or suicide.

Nice, don't fall for this gay ass fud

>implying civilization isn't collapsing as we speak

Highly unlikely I’m one of the worlds most infamous criminals known throughout the world with law agencies checking every nook and cranny of my life for something to put me away for all the murders done by me/under my supervision.

Land of the free. Fuck the banker kike tyranny

Bro just do what I am going to do. Cash everything out on April 10th and sell securities to make up the difference. Pay the tax, it is what it is. We all learned a lesson.

I KNOW. I'm saying use the 0 cost basis thing as a loop hole to avoid the 100% tax. That's what the IRS / accountants do when you have no records. Just "lose" all your records, cash everything out in BTC. Then just report 1 fat BTC sell with a cost basis of 0. Then you'd just pay 15 - 37% on whatever the fiat value is.

I know the logic but do you declare a trade when tou give your neighbor a chicken and he gives you two stacks of hay?

If you at least report this and get an accountant to help you, they probably will never look into it further.

why not leave now?
just tattoo your private keye on your ass or something and show the faggots on the airport a middle finger