I didn't pay capital gains tax on bitcoin sales to IRS today

[Gyfts]

IRS will always win. They want to tax anything and everything of value in the United States Citizen's hand.

[cryptoanarchist]

IRS will always win.

Nothing lasts forever.

[7Priest7]

IRS will always win.

Nothing lasts forever.

[LostDutchman]

IRS will always win.

Nothing lasts forever.

Um, OK.

MY $.02.

[Bit_Happy]

IRS will always win.

Nothing lasts forever.

Um, OK.

MY $.02.

You are really OK with that?
Looks a bit creepy to me. 

[peterjac]

What the, what have you done

[LostDutchman]

IRS will always win.

Nothing lasts forever.

Um, OK.

MY $.02.

You are really OK with that?
Looks a bit creepy to me. 

That's what I thought too, hence my "Um" in the post!

My $.02.

[7Priest7]

IRS will always win.

Nothing lasts forever.

Um, OK.

MY $.02.

You are really OK with that?
Looks a bit creepy to me. 

That's what I thought too, hence my "Um" in the post!

My $.02.

I didn't actually create the image.
It may be "creapy." But what it represents is good.
It represents the anonymous movement and resisting the way things currently are.
We as citizens of modern society have very few personal freedoms.
We NEED change.

[LostDutchman]

IRS will always win.

Nothing lasts forever.

Um, OK.

MY $.02.

You are really OK with that?
Looks a bit creepy to me. 

That's what I thought too, hence my "Um" in the post!

My $.02.

I didn't actually create the image.
It may be "creapy." But what it represents is good.
It represents the anonymous movement and resisting the way things currently are.
We as citizens of modern society have very few personal freedoms.
We NEED change.

Agreed!

My $.02.

[NotFuzzyWarm]

So if there are any IRS employees trolling this thread, you're welcome to pour over the blockchain and tell me what I owe you. 

According to Charlie Shrem, several govt agencies are monitoring here. 

Govt and law enforcement has hired people specifically for the task of monitoring these forums, reddit, and the IRC chat.

Hi you guys! 

Now that must be a sweet job... just surf Forums all day looking for rabble-rousers

[HarryK]

Use gold, silver, & crypto currencies to conduct your biz.

Makes sense.

[dscotese]

For the government shills: https://bitcointalk.org/index.php?topic=593833.0

On that thread, I seek evidence that without exercising any kind of federal privilege, I (or anyone) still owes income tax.  I have a refund from the federal government for all the income tax I paid in 2009 suggesting that no such evidence can be had.  It's ALL FRAUD and DECEIT.

[serje]

So did anyone from IRS contacted you?


are you at least in USA? or you are in Japan with Mark drinking a frappucinno?

[vipgelsi]

Why wake up a sleeping giant leave it alone.

[7Priest7]

Why wake up a sleeping giant leave it alone.

[silverfuture]

I think tax is equivalent to rape. Would you let an government employee rape you?

[7Priest7]

I think tax is equivalent to rape. Would you let an government employee rape you?

Uncle Sam loves to bend you over and have you.
As long as the majority of citizens keep bending down, he's gonna have all he can handle.

[Coin_Master]

The last couple months there have been a lot of posts concerning the IRS ruling that bitcoins are to be treated as property and that it was required to pay a capital gains tax on the sale of bitcoins. Some people even posted that "bitcoin is doomed" because of the ruling.

To prove just how silly it is for people to worry about this, I created this thread to call out the IRS to prove what I owe in capital gains due to bitcoin sales.

So if there are any IRS employees trolling this thread, you're welcome to pour over the blockchain and tell me what I owe you. 

This needs to be clarified once and for all "The IRS do not make laws"
Government in the United States of America is separated into 3 parts.
1. The Legislature - Laws are passed by the Senate and Congress
2. The Executive - These are departments/services/agencies that execute those laws by interpreting legislation and forming policy (IRS)
3. The Judiciary - The courts, where the "real laws" are decided (remember George Bush got elected by a judge of the Supreme Court)
It is here that laws are tested and decided, not by the Executive, the IRS "opinion" is completely irrelevant.
I find it laughable that the IRS chose to define Bitcoin as an "asset" on their website page titled "Virtual Currency Guidance"
So is it an "Asset" or a "Currency" perhaps the page should be titled "Virtual Asset Guidance"
Also very telling is the word "Guidance" which implies it is not a "Law" it is merely a recommendation, and if you choose to pay tax that is up to you.
Ultimately it is "Not a Law" until the courts rule that it is. This is the "only place" laws are made. Keep that in mind

[bbeagle]

Also very telling is the word "Guidance" which implies it is not a "Law" it is merely a recommendation, and if you choose to pay tax that is up to you.
Ultimately it is "Not a Law" until the courts rule that it is. This is the "only place" laws are made. Keep that in mind

Then you'd better pay the tax as a 'currency' if you're thinking that bitcoins are a currency. ('Currency' doesn't care about gains/losses like assets do, but GETTING the currency is taxable)

ANY income you derive be it from US currency, bitcoins or bananas, you need to report and pay taxes on.

Mining $100,000 in bitcoins is technically the same to the IRS as a bank truck crashing into your house in the middle of the night and 'depositing' $100,000 into your living room. You need to pay taxes on the $100,000 in either case.

Laws are NOT made by the courts. Laws are made by the Legislature (and other government agencies like towns, cities and states and even homeowners associations). It's the courts that decide whether a law is VALID and ENFORCEABLE or not.

Once a law is on the books, however it gets there, you must follow it, or you can be prosecuted for that law. If you choose to fight the law in court, you may do so, but you're guilty of breaking that law until the courts prove that the law is not valid.

[Epinnoia]

Ultimately it is "Not a Law" until the courts rule that it is. This is the "only place" laws are made. Keep that in mind

It is Law when passed by the Congress and signed by the President.  If the President Vetoes it, then Congress can override if they have the numbers.  This is how laws are made.  Settled Law is a bit different, as it does involve the Courts and their giving of their imprimatur. 

In this case, the law authorizes the IRS to act as an 'agency' of the US Government.  That agency is also empowered by the very same law to interpret the laws of Congress as appropriate.  So what we really have here is Congress delegating their power to an outside agency.  Some may even say 'abdicating'.  Nonetheless, if the law empowers the agency, then that's what it does.  If you want to argue that Congress should not have abdicated or delegated, that's fine.  But they did so through laws.  And you violate those laws, or ignore them, at your own peril.