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Topic: I didn't pay capital gains tax on bitcoin sales to IRS today - page 17. (Read 24100 times)

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
careful crypto dude you might start an avalanche dancing with such glee and freedom ....

http://thesocietypages.org/socimages/2012/05/14/the-network-effect/
hero member
Activity: 924
Merit: 1001
So if there are any IRS employees trolling this thread, you're welcome to pour over the blockchain and tell me what I owe you.  Wink

According to Charlie Shrem, several govt agencies are monitoring here. 

Govt and law enforcement has hired people specifically for the task of monitoring these forums, reddit, and the IRC chat.

Hi you guys! 
legendary
Activity: 3038
Merit: 1032
RIP Mommy
You will be summarily executed for good measure. Even the specter of economic liberty cannot be allowed to exist under the totalitarian governments of the world.
sr. member
Activity: 392
Merit: 250
They would still have to prove that I owe them something.

^ This... Bitcoins can be used like the stock market but unlike the stock market you are not required(if you use the right channels) to give your real name/etc.
legendary
Activity: 1120
Merit: 1003
is it really smart poking the buffalo with a stick?
i hope you are at least posting this behind TOR and if not that the tax man won't subpoena the forum to disclose your ip to make an example.

They would still have to prove that I owe them something.
full member
Activity: 180
Merit: 100
In honor of this momentous day I hereby re-present my favorite bitcoin article of all times.
Bitcoin - The Libertarian Introduction
http://evoorhees.blogspot.com/2012/04/bitcoin-libertarian-introduction.html
Written by Erik Voorhees
hero member
Activity: 742
Merit: 500
The last couple months there have been a lot of posts concerning the IRS ruling that bitcoins are to be treated as property and that it was required to pay a capital gains tax on the sale of bitcoins. Some people even posted that "bitcoin is doomed" because of the ruling.

To prove just how silly it is for people to worry about this, I created this thread to call out the IRS to prove what I owe in capital gains due to bitcoin sales.

So if there are any IRS employees trolling this thread, you're welcome to pour over the blockchain and tell me what I owe you.  Wink



You probably won't get caught as long as you don't have any large cash transactions related to BTC into or out of your bank account. If you do get audited and have large Bitcoin related transactions in your bank records, you will have to explain them, which means you're fucked.
sr. member
Activity: 392
Merit: 250
i hope you are at least posting this behind TOR and if not that the tax man won't subpoena the forum to disclose your ip to make an example.
Right, Cause they don't got bigger fish to fry.

IRS is a bloated lazy organization(like most if not all U.S. government agencies.)
They expect you to do all their work, then they have machines process it all.

They will likely only pursue the wealthiest of known bitcoin investors.
They likely only declared bitcoin taxable so they can get a cut of the silkroad auction.
legendary
Activity: 4410
Merit: 4788
OP needs to learn, holding bitcoin is tax rate of ZERO. but holding fiat in his personal account after selling the bitcoin. he needs to pay tax on that fiat gain.

but i do agree people are silly when it comes to saying "bitcoin is doomed" and here is why

1. people will find other ways to not need FIAT, thus not needing to claim FIAT gains
2. the IRS wont care about useless / worthless items. IRS have categorized bitcoin, thus it has proven bitcoin to be a valid store of wealth.
sr. member
Activity: 448
Merit: 250
is it really smart poking the buffalo with a stick?
i hope you are at least posting this behind TOR and if not that the tax man won't subpoena the forum to disclose your ip to make an example.
legendary
Activity: 1137
Merit: 1001

Did you report your gains and say the tax rate you need to pay is zero, or did you "forget" to report the gain?
legendary
Activity: 1173
Merit: 1000
Who do you think you are? Some sort of cryptoana... oh.

Hahaha - I like it.
newbie
Activity: 14
Merit: 0
The last couple months there have been a lot of posts concerning the IRS ruling that bitcoins are to be treated as property and that it was required to pay a capital gains tax on the sale of bitcoins. Some people even posted that "bitcoin is doomed" because of the ruling.

To prove just how silly it is for people to worry about this, I created this thread to call out the IRS to prove what I owe in capital gains due to bitcoin sales.

So if there are any IRS employees trolling this thread, you're welcome to pour over the blockchain and tell me what I owe you.  Wink



I hope you get caught
member
Activity: 70
Merit: 10
Who do you think you are? Some sort of cryptoana... oh.
legendary
Activity: 1120
Merit: 1003
The last couple months there have been a lot of posts concerning the IRS ruling that bitcoins are to be treated as property and that it was required to pay a capital gains tax on the sale of bitcoins. Some people even posted that "bitcoin is doomed" because of the ruling.

To prove just how silly it is for people to worry about this, I created this thread to call out the IRS to prove what I owe in capital gains due to bitcoin sales.

So if there are any IRS employees trolling this thread, you're welcome to pour over the blockchain and tell me what I owe you.  Wink

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