jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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December 24, 2013, 02:26:50 AM |
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I'm thinking that the first hundred or thousand bitcoin audits, both the taxpayer and the agent will be fumbling around in the dark. Once I have taxable events due to bitcoin transactions, I'll claim them in the most advantageous manner possible - as long as I have decent rationale for doing so.
I get puzzled by people who try to underclaim in order to avoid getting audited. Firstly, one is not legally bound to pay any more in tax than the very minimum one is legally required to pay. For another, I don't think underclaiming typically leads to a lower chance of getting audited.
But bottom line, why would you not claim the most advantageous plausible regime? It's not like the auditors are gods. Sure they weied wield some power, but they don't make law, nor regulation, nor even policy. If you can plausibly argue why your view is correct, they might rule in your favor. If not, there is a process for appealing their decision. It's not like you'd be arguing against widespread precedent.
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