Good overview with interesting insights at how the IRS is trying to tackle crypto holders.
I recently got hold of a presentation given to special agents in the IRS Criminal Investigation division that discussed investigating taxpayers who hold crypto. I went through all of the 181 horribly formatted slides (attached for reference haha) and here's what I learned...
https://twitter.com/CryptoTaxGirl/status/1148370517415456768good god
Yeah, SEC was called by my bank in 2013 because Bitcoin was 'evil' in 2013, don't ya know. I went thru the above, linked .pdf paper above.
I'm legal as hell on mining, etc. Saw nothing that would worry me, unless they start a 'pool' to do random audits out of, ahem, simply crypto returns that is. That would suck!
So hell, at least there is that, my own CPA and everything trained since 2013 on the IRS guidelines. They got lots of 'tax $$$' out of my 'legit efforts'
So yeah, no issues. But then again, I'm like a 'tame' goat. Never had a chance to run free and break tax laws. This bank fiasco made me legal as hell 5 months
after getting into bitcoin mining. So maybe a blessing in disguise, otherwise I'd probably be 'crapping my pants' now. It is 'easy' to be good when you are at one
time looked at by the SEC (and found worthy). So what? Whew?
Again, looking at above seems to be what I expected the IRS to do and act like.
But then again, I was captured and 'tag'd' around May 1st, 2014. (At least they did not 'notch' my ear, like a penned deer)
Brad
