Bitcoin and taxes Poll

[J_Dubbs]

Haven't seen a poll like this and I'm curious...

[1715373308]

1715373308

[1715373308]

1715373308

[iglasses]

Are you asking people to announce in an electronic format that they do not control that they plan to break the law?
I'm not sure too many people will do this.

[J_Dubbs]

Are you asking people to announce in an electronic format that they do not control that they plan to break the law?
I'm not sure too many people will do this.

Nobody can see who votes for what, and just because your impression right now is one thing doesn't mean that's what you'll end up filing. For example, I mine and would love to be 100% in compliance, but with the small payments coming in and frequent purchases of mining equipment it's crazy. I had to hire a CPA because I cannot do it. Honestly, you can have the best intentions but achieving 100% accuracy on the accounting is near impossible if mining and building the operation by reinvesting revenues, selling off equipment,etc...

[iglasses]

Agreed.  As others have mentioned, this ruling is designed to try to destroy BTC, not encourage people to be compliant.

[tesene]

I just don't see how the IRS is ever going to be able to enforce any of this...

[cescan]

The days of tax-free bitcoin are gone in the U.S.

[Jcw188]

The days of tax-free bitcoin are gone in the U.S.

I think they're gone when we see the first prosecution for failing to pay taxes associated with BTC.  I think the first group they would go after would be the traders who've made thousands, then the miners next because it seems like it would be harder to nail the miners, wouldn't it?  Just a though.  And you'd think they would go after someone big first, maybe like a pool or something?

[cryptoanarchist]

The days of tax-free bitcoin are gone in the U.S.

Quite the contrary. They're just getting started.

I think they're gone when we see the first prosecution for failing to pay taxes associated with BTC.  I think the first group they would go after would be the traders who've made thousands, then the miners next because it seems like it would be harder to nail the miners, wouldn't it?  Just a though.  And you'd think they would go after someone big first, maybe like a pool or something?

Sure...the government will "arrest" one of their own agents with fake charges and even hold a fake trial to scare people (think Charlie Shrem), but anyone who isn't a total dipshit will see through it.