Who gives a shit about 10k
Am I going to jail...
Ryder King
Thomas Lee
transfer all your bitcoins to me op. ill spend your money for you. It seems like you dont understand how to use localbtc. Worrying about paying taxes with crypto... KEK OP KEKKKKKKKKKK
John Ward
>Coinbase
Fool and his money..
Justin Ross
Not that user but where am I supposed to buy crypto-currency? I'm tired of them bottlenecking every transaction I want to make and slapping transaction fees left right and center.
Matthew Fisher
is that the bitpay card? dont go above 20k/200 transactions and you're good.
Michael Collins
You guys are misinformed. I pay no fees except $3 when I get cash out of the atm.
Charles Bennett
>tfw £10K yearly cap gains allowance
Kevin Ramirez
The only other fee is when I send btc from binance to refill my account
Austin Kelly
If you've made a mistake and inform the IRS of the mistake, you will not go to jail. You will have to pay the taxes you owe and penalties and interest but it won't be that much. Furthermore, if you're in a situation where you cannot pay the money, the IRS will work out a payment plan with you.
Believe it or not, the IRS as an organization (some individual workers are incompetent assholes) is fairly reasonable if you're honest. You really only get crushed if you're utterly reckless (making tens of millions of dollars and not paying taxes) or venal (tax scams).
Landon Evans
Yeah but how will the IRS deal with people who don't act in good faith and try to hide their crypto gains through VPNs and loopholes? Also, how will the IRS deal with people who use bitmex? It may not be illegal to do so, but bitmex doesn't allow us to trade there because they don't want to be SEC compliant.