AHHHHHHH IRS REKT THREAD - POST YOUR LOSSES

Feels good knowing I'm funding Shaniqua's new Ugg boots, Stacy's next abortion, and more missles for the donald

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Other urls found in this thread:

irs.gov/pub/irs-drop/n-14-21.pdf
irs.gov/taxtopics/tc420
twitter.com/NSFWRedditGif

That is disgusting. You need to setup some sham businesses and start offshoring profits like a real American company.

Op how much did u cash out? How much are u holding now?

Yes, I've just hired a jewish accountant and jewish lawyer

Thank you for funding the abortion.

cashed out around 100k

holdin about 70k still

never cash out boys

Why the fuck would you cash out right now? This is the bottom user

AHHHHHHHHHHHHHH

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no good they'll wire your money offshore then rat you out

Wow rekt

>Feels good knowing I'm funding Shaniqua's new Ugg boots, Stacy's next abortion, and more missles for the donald
And don't forget indoctrination programs for little Jimmy to cut his cock off.

IKR
never paid a single yurocent on my gains, completely unregulated and outside local shekelgrabbing communists

What thE FUCK. JUST USE A BTC ATM TO WITHDRAW IT ALL STAYS ON THE BLOCKCHAIN, WHAT ARE YOU MADMEN DOINGGGGGG

same I got $700. My GF who makes less than me had to pay like $375 though, what gives?

Probably has to do with how each of you have your withholdings at work setup.

good look buying anything significant with that untaxed money, IRS will notice that shiny new car parked in front of your house that you magically acquired despite working at MCdonalds

>t. Somebody whose never used a bitcoin ATM

The IRS are not this all powerful all seeing force. If you bought it with cash, and unless someone rats you out, your not paying tax on shit.you owe your government NOTHING.

>did t start investing(gambling) before jan.
>Dat feel when dont have to pay taxes until next year
>dat feel when perfect timing to catch bull wave

I paid my taxes for 2017 but I am not making fucking quarterly payments and missing out on the 2018 bull market. I'll just take the penalty.

YES I HAVE YOU JUST NEED A BUNER PHONE NUMBER TO WITHDRAWCASH
I WITHDRAW 2k AT A TIME EVERY WEEK, NO ISSUES. I CAN LIVE THIS WAY

USE BTC ATM FUCK THE IRS

*BURNER PHONE NUMBER

USE YOUR LOCAL BTC ATM TO AVOID GETTING RAPED BY IRS

I dont need to pay taxes, cause I didnt really make any money. fml

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I feel you brothers. Sent my 16,000 last week. At least now those sick fucks cant come back on us later.

>that tribute to israel

Good goy

You Amerifats need free healthcare like we Canadians have....instead of funding endless wars and universal oppression

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just paid over 50% tax in capital gains between the state and the feds. absolutely joosted.

you guys are retarded. getting a refund isn't a "good thing". it's best to get it as close to 0 as possible or even pay a little bit.

I wonder how many bitches complaining ITT are even anarchists
If you aren't, this is what you get when you support the government. Someone gotta pay. Enjoy.

So you pay 15% in fees and risk tax evasion to not pay 20% to the IRS. They have you on camera user.

I'm paying more than all of you combined. I should AT LEAST get my own lane on the roads and a couple of cops to be my personal body guards.

Tell that to Amazon

Nope. All that money is going to Section 8 housing so Latoya can breed the starting line up of the Detroit pistons

I'm sure if you did Jeff Bozos would just laugh like a madman. You want to hurt Bozos you get rid of the US Postal Service. You've got to be a brainlet to think the government should be in charge of the fucking mail.

Wew damn son

Stop paying taxes for this wicked anti-white system

Say you are a non-white drug dealer and you'll get money from them instead or just stop buying things that openly exposes you as a tax evader

>filed an extension through turbo tax this morning
>Paid a stupid amount in estimated taxes
>still hasn't shown up on bank account.
Starting to panic that turbotax fucked up and didn't make my payment request.

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Holy shit you got cucked. Why not convert everything to monero and slowly cash out locally over a couple of months?

wat

it easy, just get a monaco card, wait until you gte the card later tthis year and just buy shit you can flip easily like cars etc using a visa card at the car auction

he didn't, tax day just happened so these are 2017 gain payments or Q1 2018 estimated. I owed about $12k that just paid out.

Soft ass niggas. You don't pay taxes you get to sit in a hotel watching hbo and eating good for a year or so. Martha Stewart has more nuts than most here on biz. Damn shame.

I got the 4k€ tax return

more like (((100,971))) am I right?

You're retarded as sin. We do 1080s anything over 10K lol

There's more JUSTing going on in this thread than in a pink Wojak storm during a big ass drop.
All of the rich fuckers out there evade taxes like champs.
Why don't you dedicate this year to figuring out how they pull it off and do what they do.

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>Shaniqua's new Ugg boots, Stacy's next abortion, and more missles for the donald
>not Shaniqua's abortion and Stacy's new Ugg boots
At least get your stereotypes right

>Why not just commit tax evasion?
I wonder, user. I wonder.

and wars for Israel

>cashing out ever

>The IRS are not this all powerful all seeing force
>IRS and FED were created at the same time
>all seeing eye on the notes

What did they mean by this?

For maximum burger tears

That money is needed for Greater Israel. Stop being anti Semitic.

Woke

This

Congrats, you just stumbled on why niggers blow all their stacks on depreciating assets

Did anyone here pay but only did crypto to crypto?

>make over $110k in 2017
>only end up paying $5k in personal taxes, $5k in taxes for the business
feels good to have a good accountant bros

that's not how it works, you're gonna get audited

>taxes

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i paid literally exactly what i owe the government
in canada lots of shit is tax deductible:
prescription drugs, gas used to drive to work, lunches while on work, computer parts/peripherals used for work, and money you put into your retirement savings plan (RSP) can be deducted as well
in the end i only had to pay a total of $10k
shit is boss

Need advice.

I used bitcoin.tax and it says I have proceeds and cost man of 1.2 million but I only made 30k. If I submit this I will 100% get audited.

I never received a 1099 from cuck base.

What do?

Cointracking is quite good, but only import trades not deposits and withdrawals because you cant get that info from alot of exchanges and have to type it in manually, just having trades will give you an accurate result.

AMERI KEKS

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is this a meme or are people really considering paying taxes on crypto-to-crypto trades
are you retarded?

Zero cost basis, assuming that you cashed out

if i have 100 hot dogs and i trade you for 100 burgers, do you go and pay the IRS a percentage of the hot dog to burgers trade, even if no dollars were made?

Used Cointracking.info as well to give me a rough estimate of what my taxes owed would be.

>Comparing trading food with trading cryptocurrencies
Nobody cares if you commit tax evasion, brainlet.

yes i'm comparing an unregulated asset to an unregulated asset

You're supposed to, though I forget what it's called. Barter taxes?
In either case you'd just lie and say the market value of each hot dog/burger is the same

0 cost basis and only report the difference? Never say what my costs and proceeds were?

can motherfucking confirm. owe over 3m (YES THAT'S FUCKN (((M)))ILLIOON) after cashing out 100k usd to pay off student loan debt FUCK CCRYPTO FFFFF#FFFFFFFFFF

Disagree with what the IRS says, that's cool. But you still have to pay your taxes.

yeah pay INCOME taxes
trading my belly lint for your nacho crumbs? not income. so why the fuck would i pay taxes on it

irs.gov/pub/irs-drop/n-14-21.pdf
>For federal tax purposes, virtual currency is treated as property.

okay, so i trade my old plastic bottles, they're my property, for your antique dish rags, your property
what do i pay the IRS?

Why why why didn't I flee New York

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from the second you trade whatever you are holding to BTC, that is the moment the timer starts for long term cap gains. Not when you bought the BTC. So if I go empty my bags and start holding today, I have to leave it untouched for 12 fucking months just to get the lower tax rate. We are being double taxed on every transaction essentially. Add in the tax for trading to fiat and we are being triple taxed. Buy some property with that cash? Taxed again.

Anyone who bought a currency designed for anonymity and resisting the government/censorship via a platform that made them upload their ID, a platform that reports to the IRS, is learning a big lesson right now.

>Anyone who bought a currency designed for anonymity and resisting the government/censorship via a platform that made them upload their ID, a platform that reports to the IRS, is learning a big lesson right now.
Yeah, it's called paying taxes. There's no fear there.
irs.gov/taxtopics/tc420
>You must include in gross income in the year of receipt the fair market value of goods or services received from bartering. Generally, you report this income on Form 1040, Schedule C.pdf, Profit or Loss from Business (Sole Proprietorship), or Form 1040, Schedule C-EZ.pdf, Net Profit from Business (Sole Proprietorship).

this guy is right, they'll use it against you

can i move my crypto into and start a business without getting rekt'd?

>Profit or Loss from Business (Sole Proprietorship), or Form 1040, Schedule C-EZ.pdf, Net Profit from Business (Sole Proprietorship).
>Profit or Loss from Business (Sole Proprietorship), or Form 1040, Schedule C-EZ.pdf, Net Profit from Business (Sole Proprietorship).
>Profit or Loss or
>Net Profit
okay so you turned 400 retardcoins into 2500 crypto cuckbucks
what do you record as your profit, loss, or net profit?
the value of the coin at the end of the year? the value of the coin at the time of the trade? the value of the coin after the fees of turning it back into fiat? which exchange do you use to report the value of the coin? the value of the coin on binance, or the value of the coin on coinbase?

also note this is for businesses, not personal trades

>The value of the coin at the time of the trade?
Yes.
>Which exchange do you use to report the value of the coin?
The exchange you bought it on. You can import your trade history onto CoinTracking.info and it will give you the numbers you need to file your taxes.

(usd value of 2500 crypto cuckbucks at time of trade) - (cost basis in usd of 400 retard coins when you bought them) = profit/loss at time of trade you report

Can you explain why? I'm not disagreeing with you.

>Buy gold online with monero
>Sell gold to gold for cash people irl with no paperwork
>Hoard money in a safe for all your cash payable living expenses for the next 4-5 years ie groceries etc

Yeah you'd still need a job etc to buy a house or whatever but you would be able to put 100% of your paycheck into achieving that and wouldnt have to fund the fucking communist american government. I havent made enough money through crypto to even worry about pulling it out and being audited but there isnt a chance i would pay a cent of my gains if i had

if you get a large refund, you loaned the federal government that money the whole year, and they made interest on it while you didn't