BITCOINERS BTFO

forbes.com/sites/kellyphillipserb/2017/11/29/irs-nabs-big-win-over-coinbase-in-bid-for-bitcoin-customer-data/#32c60516259a

Did you think you were gonna escape?

PREPARE TO GIVE UNCLE SAM HIS CUT AND CRY IN A FETAL POSITION

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Into archive
unvis.it/forbes.com/sites/kellyphillipserb/2017/11/29/irs-nabs-big-win-over-coinbase-in-bid-for-bitcoin-customer-data/#32c60516259a

Justice.

>Bitcoin is untracab-

Americans btfo more like it

>crashed right before this happens
>(((coincidence)))

They can't catch you cashing out if you don't cash out

If you mine them yourself, if you buy at an exchange you will obviously have an entrypoint and someone can know that you have that amount, however you can still mix your coins for them to lose track of them.

Don't worry coinbase always coincidentally encounters technical issues the moment people go to profit-take anyway.

there are so many other cryptocurrencies faggot

>it's fucking nothing

>what is an offline wallet
>coinbase is the only exchange to USD
get rekt faggot

Side note, buy now. $9500 is a hard bottom

How do they actually prove how much money someone made though? Only the net INCOME is taxed. If I invest 20k in BTC and cash out 40k, then that's 20k. But the IRS is only seeing how much I cashed out, without knowing how much I originally put in. How do they know how much?

Even if I withdraw 40k, I could just as easily say "I never actually made any money, I actually lost money compared to what I started investing" and write it all off.

they can see the initial transfer of BTC to your wallet and correlate that to the price at the time.

Bitcoin is not some magic wizard shit that is totally untraceable....its actually VERY traceable once you correlate a wallet to a person via an exchanges customer information database

Except you can have multiple wallets as well as trade in-between cryptos too. It's not that simple.

>using coinbase
>ever giving your id to a bunch of (((exchange owners))) employees

You have to report to the IRS every transaction.

Wow, a bunch of bitcoiners are going to get fucked next April, heh.

Literally can't wait to see THOUSANDS of libertarian far right fuckboys being sent to pound me in the ass prison over tax evasion.

I've been cataloguing Bitcoin wallets on /biz/ for months.

I have a nice crisp file of about 2000 to send to the IRS.

Just one fun little way sane people are getting back at you nasty frogposter cunts for putting a rapist maniac in charge of the world.

Socialism WILL fucking win after this whole Trump thing is through.

You WILL pay your taxes.

Bitcoin will be regulated until you skinhead maggots suffocate in your own white entitlement.

We know the investors are predominantly young white men. Sucks to be you.

We're coming for your crypto. White fuckboys will pay out the nose for everybody else.

> memertarian flag
> pro IRS, antidecentralized currency
god the algos are much more retarded that human shills

too late, money is no longer there
is in that other one
ops, or that one?
maybe this one?
what's this hash?
wait, is this account the one?

KYSF

wow, I'm sure everyone is shivering in their boots .__.

IRS will not only ignore your “tip” but they will likely find it highly suspicious and flag you for audit.

thats why satoshhh... i mean...
sergey of nazareth.
invented CHAINLINK SMART CONTRACTS.
LINK.
problem solved.

you want a lambo for $5.00?
invest in CHAINLINK.

wew, so you're supposed to show every single transaction, and if you don't the default assumption is to just tax your revenue as if it were net income?

rest in pepperoni coiners.

That said, it's becoming increasingly less-necessary to ever cash out to fiat, and thus avoid all taxes. All the major online stores accept bitcoin.

I guess the 1097 might be fun to fill out... if you have a record to check, that is.

On no! Those poor hundred millionaires are going to have to pay a few hundred thousand to the IRS... Maybe...

will they tax space cash?

yup lmao

Gald I dumped all mine 2 nights ago. In 2012 I had 30 of them. Sold 22 when there was that boom to $1200 a pop. I thought I messed up after that adjusment happened and I had over 8 left. Kind of just stopped paying attention until a few months ago and when they hit 10k I knew to cash out. Its going to be at $100 USD in a few months.

>mfw people investing in literal CIA//Criminal money laundering ops
>Abstract Art w.w.ww.ill never go below 10k a piece. Lo..l..look at how valuable this abstract art is.....

You are a retard, and know nothing about blockchain. Every node has a complete record of every transaction ever made with bitcoin, thats how a ledger works.

>white people
Last I checked it was a bunch of Chinks that dominated the market.

2/10 larp

>government tries to tax bitcoin
Lol ill just exchange over craigslist and buy citizenship in some island nation. I'm suprised by the amount of people on Sup Forums who are actively supporting the jews in the Fed.

Why the fuck we are fucking slave to IRS! IRS IS A SOLDIERS FOR FEDERAL RESERVE! Both are private institutions. You idiots have no idea that we are slave.

Lol if the government here won't collect taxes on chinks flipping million dollar homes who the fuck are they going to send to find me up in the middle of nowhere who I could easily kill

>crash
it didn't even lose it's 1 day gains.
>poorfags are so fucking dumb
>probably why they poor

everyone is already aware that you have to pay taxes for profits. they ruled on how to tax bitcoins years ago.

>Im smarter than the FEDs they'll never catch me jumping from fake currency to fake currency avoiding taxes

Enjoy prison