Anyone else recieved a letter from the ATO about deductions

Anyone else recieved a letter from the ATO about deductions
Ausfags only

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>telling the ATO you hold crypto

Yeah, you're not going to make it

I didnt tell them that lol
It was about deductions, read the post.

Care to share?

Yeah mate, something about higher deductions than the average income for my occupation. I have the receipts to back it up, but fuck, now I'm on the radar

always claim 30% of computer expenses as 'mining related'
Also, never claim anything computer related as a 100% deduction.
100% claims are the easiest way to get caught.
t. guy who asked an accountant.

Also, phones and cars are another dumb one.

How fucked am I?
2500 was my "INDUSTRY AVERAGE"
But I spent a fair bit on self education and gear.
I work in forestry but fuck it actually made my taint tighten a little bit.
Who here dealt with ATO ???

I work in forestry too user, been claiming way more than that for years. That away from home allowance away really adds up.

you fuggin dumbass.... sell btc for cash at a 15% premium...

dont cash to your bank account.

I used to think, yeh this is fun.. follow the rules.. pay tax etc..

but as of next year, all transactions over 10k have to be via 'electronic payment'...
So fuck them.... They are about to lose out a lot more on tax than they would ever make thanks to their dumb decision making.

Cash transactions are about to become the norm in Australia for bitcoin.

Dum de dumdum dumb.

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I claimed 10k

Yep looking forward to my crim mates wanting to buy my bags for some nice cash. Going to be doing a fair few holidays to NZ next year to put some cash in my account. Kek

btw... i sell newspapers on a streetcorner for average of $7 an hour.

I personally can see the govt is about to make the biggest fuck up of the new millennium.

Do they think i'm gunna pay tax on my high risk investment?
Get fucked. They can SUCK MY FUCKEN BALLS.

Not anymore. cocksuckers. Fucken assmongerer lawmakers.

I promise to hereby fuck the govt out of 100k - 1m taxes depending on how my coins are going.

I wouldn't even stop there. If they came at me bro, they'd be owing me $.

The world is about to become a fucked up place, where legal tender, is no longer legal tender.

BTC will rule... govt will be sucking dick to cover the shortfall of everyone jumping into crypto to avoid their faggotry max 10k cash transaction..

and believe me, i'll still sell 100k btc for cash.. fuck me over and you'll get shot.

Bit of a delusional response but overall i agree

I just dont ever acknowledge my crypto say i used it to pay relatives in third world countries who needed my help

Cant prove my ether address is mine

Sydbey fag here. Elaborate please. Deductions on what? Specific to crypto?

Do you think?

The govt doesn't even need to be worried about people like me,
and there will be a lot of anti-authoritarian types saying fuck the rules..

For a start, any criminal activity, drug dealing etc...
It's going to go digitial..

The govt just fucked themselves, shot themselves in the foot...
They wont keep their money in AUD, no no no...

the entire black market is about to be sucked out of the Australian economy ! ! ! !

They really are that stupid... it might not be a legal market, but its part of the economy structure.

effectively robbing their own economy.

word.

Lol i already offer a laundering service to my mates @ 7.5%. I wash their money and park it for them. After i park it they regain full control over funds. I have no private keys.
If they eant to pull out i charge 7.5% plus costs

The 1%, are soon to be the people who DON'T use bitcoin.

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Nothing to do with crypto, it wasforwork lol

welcome to straya

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Idiot welcome to the list

My mate got the same thing. It seems like the campaign the ATO is running this year. This happens every year. My mate is a car salesman

Leave it?
Or ring them up and ask for an explanation