Any way to take the bitcoins out of the U.S. ? Tax Free?

[bizcoin]

Any way to take the bitcoins out of the U.S. ? Tax Free?

[1715113096]

1715113096

[1715113096]

1715113096

[ArnoldChippy]

Any way to take the bitcoins out of the U.S. ? Tax Free?

Bitcoin observes no boundaries. 

[coinnewbit]

Any way to take the bitcoins out of the U.S. ? Tax Free?

Bitcoin observes no boundaries. 

Send it to me and i'll send it back.
Or use a paper wallet

[fiddelingones]

Any way to take the bitcoins out of the U.S. ? Tax Free?

No, ever if you change citizenship, you have to pay taxes to U.S.
Your basically U.S. tax slave forever 

[bryant.coleman]

Option 1: Spend some $100,000 and get a Dominican citizenship. Renounce your American citizenship. There is ZERO income tax in Dominica and you don't have to pay any.

Option 1: Spend some $400,000 and get a St Kitts - Nevis citizenship. Renounce your American citizenship. There is ZERO income tax in St Kitts - Nevis and you don't have to pay any.

[Jcw188]

Is it just me or is this a weird question?  Like, just send it to another address that is accessible from outside the US, right?

[cryptoanarchist]

Any way to take the bitcoins out of the U.S. ? Tax Free?

Jesus, you can't figure that out on your own???

[LAMarcellus]

What form do I use to report my bitcoin holdings to the IRS?           /sarc

[Bit_Happy]

Any way to take the bitcoins out of the U.S. ? Tax Free?

Are you simply trying to send them to another country, or are you selling BTC for a cash profit?
There are 100% legal strategies to pay less taxes.
What are you trying to do?

[S4VV4S]

Any way to take the bitcoins out of the U.S. ? Tax Free?

You can take Bitcoins anywhere you want.
In fact you don't even need your wallet.
All you need is the private key.

As to the second part of your question:
Are you looking for a way to take the coins out of the country?
or
Exchange them to fiat "tax free"?

If it's the first then read my first comment,
if it's the latter, depending on how many coins we are talking about here, unless you deposit the fiat currency in a bank, then there is no way for the gov to know you have ANY cash on you (unless you go around telling people).
EDIT: You will need to go through Dark Markets to exchange coins to cash.

That being said, I think it is a bad idea trying to fool the government.
I do not agree with taxation (on my hard earned money) but then again I do not agree with breaking the law.

[Peter R]

Any way to take the bitcoins out of the U.S. ? Tax Free?

Where are bitcoins stored in the first place?  Are they spread out in the mist of blockchain ledgers across the globe, or are they localized to the positions where the private keys reside?  If they are stored in the global blockchain, then are you legally required to disclose these "foreign account balances"?  If they are stored in the local private key, then are you required to disclose your brain wallet when you cross an international border?  Maybe it's a bit of both.

Bitcoin motivates one to rethink what money actually is.  Ensuring 100% compliance with legacy financial and tax rules would require disambiguation of what a bitcoin is to the point of logical contradiction, I believe.  I expect if bitcoin adoption continues to grow, laws and regulations will bend to bitcoin rather than vice versa.  

[BitCoinDream]

Any way to take the bitcoins out of the U.S. ? Tax Free?

Bitcoin has nothing to do with USA. It is USD that u should worry about !!!

[Phinnaeus Gage]

Any way to take the bitcoins out of the U.S. ? Tax Free?

If I were part of the NSA, I would make several accounts on this forum so that later I can start innocent threads with similar titles so that I track those who reply with interesting concepts.

[S4VV4S]

Any way to take the bitcoins out of the U.S. ? Tax Free?

If I were part of the NSA, I would make several accounts on this forum so that later I can start innocent threads with similar titles so that I track those who reply with interesting concepts.

The NSA couldn't care less if you don't pay your taxes.
That is the job of another government department.


However you do have a strong point

[joae1975]

Is this the bitcoin talk forum or the I want to pay my taxes forum?  Is this guy for real?  I've daydreamed about turning 100% of my net worth into btc and just disappearing.  Never ever did paying the IRS or wondering how I'm going to get my btc out of the country cross my mind.  

[Noruka]

Any way to take the bitcoins out of the U.S. ? Tax Free?

ya keep it in your wallet.......

bitcoins arent in any country

i guess you are asking how can i AVOID U.S. taxes?

Just move out of the US, dont claim BTC and hope you are small enough to not get caught.

[MegaHustlr]

Send them to me, and ill hold them until you need them again!

[Gyfts]

You can take a paper wallet wherever you want tax free.

[virtualmaster]

If you bought your bitcoins when they were cheaper then now then your gain is not taxable as it is an unrealized profit:
http://www.investopedia.com/ask/answers/06/realizedprofitsvsunrealizedprofits.asp
Only when you sell them you need to tax the difference because it will be a realized profit.
This is valid for any asset.
You can select when and where will happen this event and create the proper environment to optimize your tax.

[joae1975]

It's not like the IRS can audit your btc holdings.  This is dumb.  I had btc stolen, I have no repercussions towards that either.  Wild wild west yal!