You're only really at risk of being audited if you brag on a public forum where the IRS can subpoena your account info and IP address history.
Precisely; none of that has taken place in this thread.
A contemplative discussion was begun and information
regarding asset protection has been provided. That information is relevant for any and all
individuals living, working or residing in any
country. In fact, supportive information
for the reporting of Bitcoin assets to US tax authorities was provided
Just like the assumption
regarding some of my links
, the emotional reactions toward the tax information and thoughts provided assumed
what I spoke of was only pertaining to the US. It is true that the information is
applicable to the US as well, but the responses
were derogatory and bordering on zealotry
, as thought the world outside of America doesn't exist.
Nowhere have there been claims of wrong-doing or malicious intent; the conceptual discussion has been objective and pertaining to defensive
measures. At worst, a suggestion of avoidance
regarding becoming a guinea pig in setting precedent was mentioned. It was already pointed out that once wealth leaves
the Bitcoin system, even if functioning as a tax haven, it is subject to whatever rules are applicable to the instrument the wealth has been transferred into. The issue of wealth that remains in the Bitcoin system is a different matter that wasn't broached because of one individual's ill temper.
Yes, I should've ignored the troll. Even with that admission, any actions taken to offline status move into a clearly-defined precedent, especially if that happens with international significance. The emotional reactions taken offline
by a certain participant in this thread have been uncalled for and these actions may be seen as grounds for harassment with serious legal repurcussions, including both civil and criminal slander and libel suits in multiple juridictions.
If the challenge is to be persisted in after witnessing multiple lengthy replies of lucid clarification from myself and considering the extensive measure of legal contacts that accrue in some industries, then it will be met will the fullest extent of legal defense. Reminder: offline harassment is a clear case - in some instances a felony.
Note the following statements that were made prior to the threat of offline action, then the initial direct statement implying good-natured discourse (again, nation-agnostic) and multiple escalating offers for the instigating offender
to cease hostilities (after which the offender's comments were addressed indirectly):
Nothing I've offered is illegal in western nations (yet): the same methods presented are those typically reserved for legal asset protection among high net-worth individuals and organizations
... I am fully compliant with the tax laws I'm subject to.
Which country are you going to be reporting in? I'll be sure to avoid it until the backlash forces change.
If you have a particular area of expertise and would like to discuss concepts, I'd be glad to learn and share ideas. A flame-war isn't productive.
There - you've received a reply that's stooped to your communication level, so there's no way I can further explain your retarded actions. Do you really want to continue this? I don't - it's as vile as you.
Now that that's done...
Typical rationalization by the selfish and greedy. You live in our society, so pay your share or get the fuck out. Fucking traitor.
Everything you need to protect your assets the way the "selfish and greedy" do has been handed to you on a silver platter
, but that's selfish and greedy? If
I'm using that information and the same is given
to you, it cannot
logically follow that making use of the information is selfish or greedy. Please explain your view, preferably without the profanity.
Who determines what the "share" is? You? Me? Some nameless, faceless person who has barely a vague idea about either of us, or the drunkard subsisting on government hand-outs? What if Ireland demanded that all persons holding an Irish passport had to pay taxes to the nation, even if income were made in the US? Would America stand for that?
Get out of where? Mine is a sentiment that's part of a small, but rising global chorus. It's a mindset of live and let live. I don't dictate to you and don't dictate to me; I don't pay your way, you don't pay mine. Is that so threatening?
These aren't necessarily easy questions, nor is there an easy answer at this point.