If you sold BTC today then you would not own capital gains taxes on these sales until "tax time" next year.
It is highly advisably to not openly break the law. The IRS is a very powerful agency.
Topic: I didn't pay capital gains tax on bitcoin sales to IRS today - page 4. (Read 24100 times)
Statements such as the one I made in no way "encourage" the police.
What in the world is wrong with you?
What in the world is wrong with you?
It does, If you lack the intelligence to see how, that is not my fault.
Ignored. Saying "What in the world is wrong with you?" is rude, if you lack the intelligence to see how, also not my fault. Being rude to a individual who wrote what I wrote was uncalled for.
Painfully obvious all you do is push your overpriced worthless service anyhow.
Enjoy your pain then I guess.
Statements such as the one I made in no way "encourage" the police.
What in the world is wrong with you?
What in the world is wrong with you?
It does, If you lack the intelligence to see how, that is not my fault.
Ignored. Saying "What in the world is wrong with you?" is rude, if you lack the intelligence to see how, also not my fault. Being rude to a individual who wrote what I wrote was uncalled for.
Painfully obvious all you do is push your overpriced worthless service anyhow.
Take a look around at the constant flow of government intrusion into the lives of crypto people,
The over intrusion by Government includes all people.
All governments in all countries have gotten out of control.
Restricting every personal freedom imaginable.
It is the whole point of the Anonymous movement, resisting the powers that be.
"You can't catch me!", he though.
Wrongo, boyo!
"Snap!" is the sound made by the cuffs before he was led away!
When you make statements like this you encourage the police and police state.Wrongo, boyo!
"Snap!" is the sound made by the cuffs before he was led away!
Police are the bad guys, they are the thugs who enforce the laws which restrict all our freedom.
Remember that, and never encourage or make any comments that may encourage the police.
Statements such as the one I made in no way "encourage" the police.
What in the world is wrong with you?
Take a look around at the constant flow of government intrusion into the lives of crypto people,
The over intrusion by Government includes all people.
All governments in all countries have gotten out of control.
Restricting every personal freedom imaginable.
It is the whole point of the Anonymous movement, resisting the powers that be.
"You can't catch me!", he though.
Wrongo, boyo!
"Snap!" is the sound made by the cuffs before he was led away!
When you make statements like this you encourage the police and police state.Wrongo, boyo!
"Snap!" is the sound made by the cuffs before he was led away!
Police are the bad guys, they are the thugs who enforce the laws which restrict all our freedom.
Remember that, and never encourage or make any comments that may encourage the police.
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.
Well... Ross Ullbricht also used the TOR browser and he thought that the FBI would never track him down. Guess what. He was wrong. So don't be overconfident and no need to brag about this.
He leaked his personal email account attached to his forum account which is SR. I think.. that's how he got caught, not because he use TOR.
He became over-confident, began to think that he was untouchable and got arrogant.
"You can't catch me!", he though.
Wrongo, boyo!
"Snap!" is the sound made by the cuffs before he was led away!
What are you willing to do?
Dutchman it is painfully obvious you are trying to push the services linked in your signature.
Give it a rest please.
No, I am not.
Take a look around at the constant flow of government intrusion into the lives of crypto people, the undending attempts on the part of government to control crypto and the efforts of the much-misinformed and highly-manipulated news media to undermine crypto in the eyes of the public and the future is bleak for those who fail to keep their asses covered in manners which will maximise their profit in this new world of currency.
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.
Well... Ross Ullbricht also used the TOR browser and he thought that the FBI would never track him down. Guess what. He was wrong. So don't be overconfident and no need to brag about this.
He leaked his personal email account attached to his forum account which is SR. I think.. that's how he got caught, not because he use TOR.
What are you willing to do?
Dutchman it is painfully obvious you are trying to push the services linked in your signature.
Give it a rest please.
Structure your crypotocurrency business properly, using existing law and legal tax avoidance and you could well owe no tax at all.
Yep, until they change the rules on you RETROACTIVELY!
You can't win a game where the metaphoric fox in the hen house is setting the rules.
Depends on what you are willing to do.
What are you willing to do?
Structure your crypotocurrency business properly, using existing law and legal tax avoidance and you could well owe no tax at all.
Yep, until they change the rules on you RETROACTIVELY!
You can't win a game where the metaphoric fox in the hen house is setting the rules.
Structure your crypotocurrency business properly, using existing law and legal tax avoidance and you could well owe no tax at all.
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.
Why do you think that? They expect you to do all their work, then they have machines process it all.
The I.R.S. expects your employer to submit a form to them showing your income.
Any income that isn't reported they expect you to voluntarily list(like bitcoin gains.)
The I.R.S. expects you to compile that information into a single form for leisure IRS slackass reading.
What exactly do they do?
Sit around and eat donuts while reading all the information you compiled for them.
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.
Why do you think that? What insight do you have into the IRS bloat.
I have lots of insight they are understaffed and under funded.
Also the last time they went after a big company and nailed them to the wall the entire world economy was crashed and burned. Read about the American insurance company AIG their tax troubles back on 2005-2008 and how they were a big player in the crash of the worlds economy under the former president Bush.
back to the op man if you post /thread is true you remind me of a song by Pink " I am Looking for trouble"
Ultimately it is "Not a Law" until the courts rule that it is. This is the "only place" laws are made. Keep that in mind 
In this case, the law authorizes the IRS to act as an 'agency' of the US Government. That agency is also empowered by the very same law to interpret the laws of Congress as appropriate.
oh really?
What law are you talking about?
Ultimately it is "Not a Law" until the courts rule that it is. This is the "only place" laws are made. Keep that in mind
It is Law when passed by the Congress and signed by the President. If the President Vetoes it, then Congress can override if they have the numbers. This is how laws are made. Settled Law is a bit different, as it does involve the Courts and their giving of their imprimatur.
In this case, the law authorizes the IRS to act as an 'agency' of the US Government. That agency is also empowered by the very same law to interpret the laws of Congress as appropriate. So what we really have here is Congress delegating their power to an outside agency. Some may even say 'abdicating'. Nonetheless, if the law empowers the agency, then that's what it does. If you want to argue that Congress should not have abdicated or delegated, that's fine. But they did so through laws. And you violate those laws, or ignore them, at your own peril.
Also very telling is the word "Guidance" which implies it is not a "Law" it is merely a recommendation, and if you choose to pay tax that is up to you.
Ultimately it is "Not a Law" until the courts rule that it is. This is the "only place" laws are made. Keep that in mind
Ultimately it is "Not a Law" until the courts rule that it is. This is the "only place" laws are made. Keep that in mind
Then you'd better pay the tax as a 'currency' if you're thinking that bitcoins are a currency. ('Currency' doesn't care about gains/losses like assets do, but GETTING the currency is taxable)
ANY income you derive be it from US currency, bitcoins or bananas, you need to report and pay taxes on.
Mining $100,000 in bitcoins is technically the same to the IRS as a bank truck crashing into your house in the middle of the night and 'depositing' $100,000 into your living room. You need to pay taxes on the $100,000 in either case.
Laws are NOT made by the courts. Laws are made by the Legislature (and other government agencies like towns, cities and states and even homeowners associations). It's the courts that decide whether a law is VALID and ENFORCEABLE or not.
Once a law is on the books, however it gets there, you must follow it, or you can be prosecuted for that law. If you choose to fight the law in court, you may do so, but you're guilty of breaking that law until the courts prove that the law is not valid.
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.
This needs to be clarified once and for all "The IRS do not make laws"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.
Government in the United States of America is separated into 3 parts.
1. The Legislature - Laws are passed by the Senate and Congress
2. The Executive - These are departments/services/agencies that execute those laws by interpreting legislation and forming policy (IRS)
3. The Judiciary - The courts, where the "real laws" are decided (remember George Bush got elected by a judge of the Supreme Court)
It is here that laws are tested and decided, not by the Executive, the IRS "opinion" is completely irrelevant.
I find it laughable that the IRS chose to define Bitcoin as an "asset" on their website page titled "Virtual Currency Guidance"
So is it an "Asset" or a "Currency" perhaps the page should be titled "Virtual Asset Guidance"
Also very telling is the word "Guidance" which implies it is not a "Law" it is merely a recommendation, and if you choose to pay tax that is up to you.
Ultimately it is "Not a Law" until the courts rule that it is. This is the "only place" laws are made. Keep that in mind
I think tax is equivalent to rape. Would you let an government employee rape you?
Uncle Sam loves to bend you over and have you.
As long as the majority of citizens keep bending down, he's gonna have all he can handle.
I think tax is equivalent to rape. Would you let an government employee rape you?
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