Bitcoin Forum
December 18, 2017, 07:02:09 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: bitpay debit cards and taxes  (Read 3152 times)
spicepaysiul
Newbie
*
Offline Offline

Activity: 2


View Profile
September 19, 2016, 05:04:06 PM
 #1

I wonder if i transfer my bitcoins to one of this cards this debit cards companies will report this transfer to IRS or i need to report this?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
gentlemand
Legendary
*
Online Online

Activity: 1484


Hello You


View Profile
September 19, 2016, 05:39:48 PM
 #2

Why not ask them directly? I doubt they're going to bother as it's an awful lot of work for them. They will however keep a log of it and hand it over if the tax man comes asking. When I log in to Circle it tells me that selling Bitcoin is a taxable event. I'm sure they've got better things to do than keep spying.

Gahs
Sr. Member
****
Offline Offline

Activity: 280


View Profile
September 20, 2016, 05:06:19 AM
 #3

It depends on your country. Lots of countries do not tax bitcoin transactions, but if you live in a country like Italy, you will definitely be taxed for all the sales you make.
reb0rn21
Legendary
*
Offline Offline

Activity: 1246


View Profile
September 20, 2016, 11:29:45 PM
 #4

Report why would they report you, if they would start its their end of business

Also how could they do that, they even don`t the info of all the local IRS around the world, nor IRS would care for someone
Worst thing that can happen is if you use bitcoin on some place which get tracked by IRS/FBI etc and they track it to service provider and your credit card company, they for sure will give all data to FBI if asked

... PLAY SHARE EARN...
.LBRY...
                            __¦¦¦__
                        __¦¦¦¦¦¯¦¦¦¦¦__
                    __¦¦¦¦¦¯¯     ¯¯¦¦¦¦¦__
                __¦¦¦¦¦¯¯             ¯¯¦¦¦¦¦__
            __¦¦¦¦¦¯¯                     ¯¯¦¦¦¦¦__
        __¦¦¦¦¦¯¯                             ¯¯¦¦¦¦¦__
    __¦¦¦¦¦¯¯                                     ¯¯¦¦¦
__¦¦¦¦¦¯¯                                         __¦¦¦
¦¦¦¯¯                                         __¦¦¦¦¦¯¯
¦¦¦     ¦__                               __¦¦¦¦¦¯¯
¦¦¦     ¦¦¦¦¦__                       __¦¦¦¦¦¯¯  ________
¦¦¦       ¯¯¦¦¦¦¦__               __¦¦¦¦¦¯¯       ¦¦¦¦¦¦
¦¦¦¦¦__       ¯¯¦¦¦¦¦__       __¦¦¦¦¦¯¯       __¦¦¦¦¦¦¦
  ¯¯¦¦¦¦¦__       ¯¯¦¦¦¦¦___¦¦¦¦¦¯¯       __¦¦¦¦¦¯¯ ¦¦
      ¯¯¦¦¦¦¦__       ¯¯¦¦¦¦¦¯¯       __¦¦¦¦¦¯¯
          ¯¯¦¦¦¦¦__       ¯       __¦¦¦¦¦¯¯
              ¯¯¦¦¦¦¦__       __¦¦¦¦¦¯¯
                  ¯¯¦¦¦¦¦___¦¦¦¦¦¯¯
                      ¯¯¦¦¦¦¦¯¯
                          ¯
social crypto comunity
Member
**
Offline Offline

Activity: 112


View Profile
September 21, 2016, 12:18:32 AM
 #5

why bitpay not support all country
this my country can't register in bitpay
i think its bitpay good service, iam interest join in there but i can't register
~Bitcoin~
Legendary
*
Offline Offline

Activity: 924



View Profile
September 21, 2016, 06:59:08 AM
 #6

why bitpay not support all country
this my country can't register in bitpay
i think its bitpay good service, iam interest join in there but i can't register
There are other many bitcoin debit cards providers try them check full list here
https://bitcointalk.org/index.php?topic=1242788.0
Select one that support your country.

.

███████████████████████
███████████████████████████
█████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
█████████████
██████████████
██████████████
██████████████
██████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
█████████
███████████████
████████
████████████████████
█████████
██████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
███████████████████████












aubert
Legendary
*
Offline Offline

Activity: 966



View Profile
September 21, 2016, 11:15:30 AM
 #7

why bitpay not support all country
this my country can't register in bitpay
i think its bitpay good service, iam interest join in there but i can't register
so what's your country,as i see bitpay accepting dozens of countries that's total about 240 countries -> https://help.bitpay.com/account/countries-and-markets
if your country wasn't supported yet maybe your government just strictly forbid the use of cryptocurrencies or there's just conflic occur?

██
█║█
║║║
║║║
█║█
██
'BTC MULTI-WALLET SOON'
▬▬▬▬ Download WHITEPAPER ▬▬▬▬

                    ▄██▄
                  ▄██████▄
                ▄██████████
              ▄██████████▀   ▄▄
            ▄██████████▀   ▄████▄
          ▄██████████▀    ████████▄
         ██████████▀      ▀████████
         ▀███████▀   ▄███▄  ▀████▀   ▄█▄
    ▄███▄  ▀███▀   ▄███████▄  ▀▀   ▄█████▄
  ▄███████▄      ▄██████████     ▄█████████
  █████████    ▄██████████▀    ▄██████████▀
   ▀█████▀   ▄██████████▀    ▄██████████▀
     ▀▀▀   ▄██████████▀    ▄██████████▀
          ██████████▀    ▄██████████▀
          ▀███████▀      █████████▀
            ▀███▀   ▄██▄  ▀█████▀
                  ▄██████▄  ▀▀▀
                  █████████
                   ▀█████▀
                     ▀▀▀
e i d o o
██

███▀▀
▐▐▌
▐▌
▐▌
▐▐▌
███▄▄
▀▀███
▐▌▌
▐▌
▐▌
▐▌▌
▄▄███
amacar2
Legendary
*
Offline Offline

Activity: 910


★Jetwin.com★


View Profile
September 21, 2016, 06:00:31 PM
 #8

I wonder if i transfer my bitcoins to one of this cards this debit cards companies will report this transfer to IRS or i need to report this?
I don't think they will report or care much if your transaction volume stay low. They ask for verification to keep KYC policy intact and i don't think those details are used to report tax authorities everytime you do transaction, better ask them if you like to do high volume transactions.


▄▄▄████████▄▄▄
▄▄███▀▀▀ ▄  ▄ ▀▀▀███▄▄
▄██▀▀ ▄▄████  ████▄▄ ▀▀██▄
▄██▀ ▄███████    ███████▄ ▀██▄
██▀ ▄████████▀    ▀████████▄ ▀██
██▀ ██████████      ██████████ ▀██
██▀ ██████████        ██████████ ▀██
▄██                                ██▄
██ ▄                              ▄ ██
██ ███▄                        ▄███ ██
██ ██████▄                  ▄██████ ██
██ ▀████████              ████████▀ ██
▀██ ███████                ███████ ██▀
██▄ █████▀                ▀█████ ▄██
██▄ ████        ▄▄        ████ ▄██
██▄ ▀█      ▄▄████▄▄      █▀ ▄██
██▄    ▄▄██████████▄▄    ▄██▀
▀██▄▄ ▀▀██████████▀▀ ▄▄██▀
▀▀███▄▄▄ ▀▀▀▀ ▄▄▄███▀▀
▀▀▀████████▀▀▀
 

    [    ]
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!