The IRS has tracked bitcoin tax evaders since 2015 and they have now begun sending letters to virtual currency owners advising them to pay back taxes and file amended returns. Apparently, Coinbase is helping the IRS by providing them with information. Mattie will also talk about 3 reasons why Trump talking about bitcoin is a good thing.
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References:
Survey Sheds Light on the Market of Potential Bitcoin Investors
Grayscale Survey Sheds Light on the Market of Potential Bitcoin Investors
U.S. #tax COLLECTOR IS AFTER THOUSANDS OF #bitcoin HOLDERS
https://news.bitcoin.com/10000-american-cryptocurrency-owners-will-receive-warning-letters-from-the-irs/
https://finance.yahoo.com/news/psa-irs-knows-secret-bitcoin-190748793.html
#irs has begun sending letters to virtual currency owners advising them to pay back taxes, file amended returns; part of agency’s larger efforts
https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-currency-owners-advising-them-to-pay-back-taxes-file-amended-returns-part-of-agencys-larger-efforts
The IRS Has Tracked Bitcoin Tax Evaders Since 2015
https://www.ccn.com/irs-tracked-bitcoin-tax-evaders-since-2015/
Trump great for bitcoin
https://www.forbes.com/sites/ktorpey/2019/07/26/3-reasons-president-trump-is-great-for-the-bitcoin-price/#33b7b9aa74f5
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That is why Dusk Network aims at compliance in the 1st place.
I use Coin Base dont care about the IRS
Is this mainly for coinbase people
They can go fuck..leave us live free?
Stop being a mob of spoilt brat kids, and start acting as adults in an adult world … You ALL need to have accurate records of ALL of your buys, sells, trades, flips. … You buy then later sell and make a profit, then you are obligated to pay some tax on those gains; you buy then later sold for a loss, then those loses subtract from the total amount of profits that you pay taxes on. … If you made more loses than profits, then a percentage of those loses are deductable against your other non-crypto income, (depending on your nation's & regions taxation rules).
Leave the us
"Grow the fruck up, and pay your taxes". … Coinbase is doing exactly the right thing. … Bitcoin is NOT a currency, but an appreciating CAPITAL GAINS ASSETS; why else are you HODLing. … You want bitcoin and crypto to be considered legitimate and widely accepted; then pay your trading & capital gains taxes; else bitcoin will never be accepted by governments around the world as legitimate.
Ok so far BTC looks good (even though we keep trading above 10k in June which is very bearish). We must close this month “below” 10.9k which it looks like we should (potentially very bullish if we can stay above 6.3k). However, if BTC tests 10.9k again before June monthly closing candle and fails, GUYS PLEASE UNDERSTAND THAT 8.5K SUPPORT WILL BE EQUIVALENT TO A WET PAPER RECEIPT IT WILL NOT HOLD 99.99% SURE. THE NEXT “POSSIBLE” SUPPORT WOULD BE 7.5K – 8.1K. Mr Michael Krypt will have a market update available between Aug 4th-9th, you can contact him now to get enrolled michael247cryptos.signals@gmail.com
get the hell out of that gulag
Unhappy recipient of IRS letter 6174-A
How about they moved so slow to regulate that we demand bail outs for our losses?
Мой рейтинг монет в этом году: Bitcoin, Ethereum, Monero и GRAM. Грамм-токен телеграммы) теперь есть ico на aboutgram.космическая информация
It's my understanding if you never sold Bitcoin you don't have to pay taxes. How could they tax you if all you do is buy
Rip Jeff
The taxation out of hand. How could we allow regulators to have their way with us, extorting people of their wealth?
Abolish the I.R.S.
Well if you use coinbase your fck cause they track you and where ur send remember exchnage do the BS KYC
Horrible timing if they want people to pay taxes now. Early 2018 would have been the best time to pay taxes since the big whales were taking profits.
LOl, I did my taxes last year…. But oddly I really would like to get a letter to frame and hang on my wall.
YEah wth, what about those who bought at the end of 2017 at ATHs, and held thru the bear market? who lost 90% on alts, what money do they want from us? lol
So if you hold BTC, you have to report it to the IRS? I thought it was only if you sold…
great show
I bought mine with cash from ATM with nothing more than a email.