bitpay debit cards and taxes

[spicepaysiul]

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?

[1714023305]

1714023305

[1714023305]

1714023305

[gentlemand]

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]

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]

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

[social crypto comunity]

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~]

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.

[TastyChillySauce00]

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?

[amacar2]

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.

[BeetcoinScummer]

Last year the IRS has won a John Doe summons for debit card information of SML customers with offshore accounts suspected of being used for tax evasion:

https://www.forbes.com/sites/robertwood/2017/01/25/irs-hunts-debit-cards-for-tax-evasion-as-court-approves-john-doe-summons/#556d42b738bf

It is not beyond the realm of possibility for the IRS to demand BitPay or Metropolitan Commercial Bank (the card issuer) for debit card transactions of BitPay card users.

[limlucy579]

i am interesting. how i able join