Fuck the IRS. Those niggas can SUCK MY DICK.
DONT PAY TAX
Advice to anyone actually listening to this: pay your taxes, the IRS can knock on your door 5 years from now and fuck you right in the ass.
Blood pact I'm in boys
You sound like a jealous faggot, and you're also going to have to pay taxes as well genius.
The IRS do not fuck around.
Good luck trying to cash out any significant amount of money and explaining where it came from.
If push comes to shove I'll just start working under the table
That's not how it works user. They realized gains from selling Coin A and buying Coin B. Instead of setting aside money for taxes, they decided to reinvent/gamble it all on coin B. When coin B depreciated greatly, they couldn't afford the tax burden.
They had the profit, they just chose not to set it aside.
There is CP in the Bitcoin blockchain. Admitting to the IRS that you own Bitcoin is admitting you own CP. You will be imprisoned if you file your taxes.
If you made more than 10K in trades, report it.
If you cash out over 5K report it.
Otherwise it's pretty much tip money. Which most waiters only report half of anyway.