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Title: Will bittrex and exchanges divulge bitcoin ownerships to tax agency? Post by: pornluver on December 10, 2017, 06:35:30 AM Has that ever happened?
Some have these KYC. Will it happens? In most exchanges I go anonymous. On some I got some money. Title: Re: Will bittrex and exchanges divulge bitcoin ownerships to tax agency? Post by: Don Pedro Dinero on December 10, 2017, 06:41:49 AM They are not going to do it, at least initially. If they get a legal requirement, they will appeal, because it is not in their interest to give such information, but if they lose the appeal they will have to hand over that info.
However, this only applies to exchanges based on the same country as the authorities requiring that info. If French authorities require that information from an exchange based in Singapore they may not get it, ever, as they have no legal powers over them. Title: Re: Will bittrex and exchanges divulge bitcoin ownerships to tax agency? Post by: bitfools on December 10, 2017, 06:50:52 AM Has that ever happened? Some have these KYC. Will it happens? In most exchanges I go anonymous. On some I got some money. Hell YES, there is a new rule just published, ALL Exchanged on USA SOIL Must divulge all sales over $20k to the IRS U will then get an automatic bill from the IRS for not declaring this un-earned income, and all penalty's are DUE, All exchanges on USA soil to be licensed, and conditions are licensing are being a compliant agent for the IRS, in other words all BTC exchanges on USA soil, are IRS tax collectors and enforcers. The $20k rule will eventually drop to $10k, and goal is $500 USD all sales of crypt to be reported to IRS [ zog? usa, austrailia, japan, taiwan, so-korea, uk,can, .. all usa colonys areas held by usa military under zog ] *** Summary, never use a exchange that is under ZOG, that means probably only safe exchanges be china and/or russia IRS like FBI are just ZOG agents keeping the funds flowing to Tel-Aviv(City of London), since 1913 FRB Title: Re: Will bittrex and exchanges divulge bitcoin ownerships to tax agency? Post by: jseverson on December 10, 2017, 10:47:12 AM Has that ever happened? Some have these KYC. Will it happens? In most exchanges I go anonymous. On some I got some money. Hell YES, there is a new rule just published, ALL Exchanged on USA SOIL Must divulge all sales over $20k to the IRS U will then get an automatic bill from the IRS for not declaring this un-earned income, and all penalty's are DUE, All exchanges on USA soil to be licensed, and conditions are licensing are being a compliant agent for the IRS, in other words all BTC exchanges on USA soil, are IRS tax collectors and enforcers. The $20k rule will eventually drop to $10k, and goal is $500 USD all sales of crypt to be reported to IRS [ zog? usa, austrailia, japan, taiwan, so-korea, uk,can, .. all usa colonys areas held by usa military under zog ] *** Summary, never use a exchange that is under ZOG, that means probably only safe exchanges be china and/or russia IRS like FBI are just ZOG agents keeping the funds flowing to Tel-Aviv(City of London), since 1913 FRB Not true. The recent court ruling only applies to Coinbase. They requested that Coinbase divulge all of their customers' info, and Coinbase contested it and took it to court. The court ruled that Coinbase must disclose some of the information of their customers who have transactions amounting to $20,000 or higher. It sucks, but at least there was some sort of compromise. The IRS initially requested them to divulge all information about every customer, even those that doesn't have anything to do with paying taxes. Coinbase called it a partial victory, and it really kind of is. As for other exchanges, they could very well follow suit if the IRS sets their sights on them. There is precedent after all. If this bothers you, and it really should, then pay your taxes to avoid potential problems going forward. Title: Re: Will bittrex and exchanges divulge bitcoin ownerships to tax agency? Post by: pornluver on December 14, 2017, 10:25:22 AM Has that ever happened? Some have these KYC. Will it happens? In most exchanges I go anonymous. On some I got some money. Hell YES, there is a new rule just published, ALL Exchanged on USA SOIL Must divulge all sales over $20k to the IRS U will then get an automatic bill from the IRS for not declaring this un-earned income, and all penalty's are DUE, All exchanges on USA soil to be licensed, and conditions are licensing are being a compliant agent for the IRS, in other words all BTC exchanges on USA soil, are IRS tax collectors and enforcers. The $20k rule will eventually drop to $10k, and goal is $500 USD all sales of crypt to be reported to IRS [ zog? usa, austrailia, japan, taiwan, so-korea, uk,can, .. all usa colonys areas held by usa military under zog ] *** Summary, never use a exchange that is under ZOG, that means probably only safe exchanges be china and/or russia IRS like FBI are just ZOG agents keeping the funds flowing to Tel-Aviv(City of London), since 1913 FRB Not true. The recent court ruling only applies to Coinbase. They requested that Coinbase divulge all of their customers' info, and Coinbase contested it and took it to court. The court ruled that Coinbase must disclose some of the information of their customers who have transactions amounting to $20,000 or higher. It sucks, but at least there was some sort of compromise. The IRS initially requested them to divulge all information about every customer, even those that doesn't have anything to do with paying taxes. Coinbase called it a partial victory, and it really kind of is. As for other exchanges, they could very well follow suit if the IRS sets their sights on them. There is precedent after all. If this bothers you, and it really should, then pay your taxes to avoid potential problems going forward. But swim think paying tax to oppressive government is cowardice. |