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Bitcoin: IRS Takes On The Crooks—And The Good Guys (Patreon)

Published:
2019-07-19 21:36:34
Imported:
2021-03

Content

Thank you Michael O for forwarding this info. There is sooo much FUD about what Uncle IRIS wants and requires.  Take a look here at this article. There are lots of varying opinions on this. I think even Mr. "I Don't Give a Buck" Schmelling will be conducting an interview with a Crypto Tax professional in the near future. We'll see. I hope everyone is in such a wonderfully wealthy place that these will be the issues we'll have to consider moving forward. 

We are anxiously waiting for the next set of bulls to leave the pen. Any day now...

Have a great weekend folks. More updates over the weekend. 

ED@HQ

Files

Bitcoin: IRS Takes On The Crooks-And The Good Guys

Turns out there's no FBAR mandate on your offshore bitcoin account. Is the government making a tactical retreat in its war on money launderers and tax cheats? In response to a request for guidance from an accountants' group, the Treasury Financial Crimes Enforcement Network has recently decreed that cryptocurrency accounts held by exchanges located outside the country don't have to be disclosed.

Comments

Anonymous

I used Tokentax

Anonymous

Crypto can't be classified as currency if the IRS says that crypto is property therefore medium of exchange for coffee can not happen until we convince the IRS (Bitcoin is money.)

Anonymous

Federal district Court declared Bitcoin as money so the IRS needs to change their ruling or we can sue IRS for back taxes lol crowd funding anyone

Anonymous

Yes! Bring in Mr. Schmelling to speak on the issue!

Anonymous

What is the coin dick mentioned in his last video? Sounds interesting 😉

Anonymous

From a 5/19/2019 article: Representative Emmer and 20 other members of the House of Representatives sent a sharply worded missive to the IRS last month, asking the agency to clarify federal taxation policy on crypto – an action it hasn’t taken since releasing preliminary guidelines in 2014. In addition to the very basic questions that crypto traders and investors have regarding taxation, Emmer noted the need for a comprehensive approach. “There are many other open questions about the federal taxation of virtual currencies, but we feel that there is particular urgency in resolving the ambiguity around basic questions of how taxpayers should calculate and track the basis of their virtual currency holdings. It is not reasonable to expect taxpayers to satisfactorily answer these complex questions while the IRS remains silent.” https://dailyhodl.com/2019/05/22/irs-says-long-awaited-bitcoin-btc-and-crypto-tax-guidance-incoming/

Anonymous

Thanks Ed I feel so much oppression from the controllers of our labor money this is immoral and impossible to move forward

cryptoviewing

Well Set, freedom begins in your mind. Look what NEO did once he believed he could...

Anonymous

ahhh yes...bring a jew into it to tell us about money laundering.....lol........if any of you find this offensive, you're too damn SJW for me and I'm outta here....

Anonymous

Dick, did you say Trump would win the nobel peace prize this year?

Anonymous

Hi PLEASE can you help.me Dick, i boight the ellipal so.i can.pit all my coims o boight on it but doesnt support them all, what do you or anyone propose i do with the rest, i dont want them online and surely i dont have to download 15 seperat wallets for different coins???

Anonymous

How far out are we from the Hawaii Psychic prediction on a good Crypto run - something in about two months and another by the year end?

cryptoviewing
>>24933085

Hello dear Mike, we had this in information from one of our RV sessions. Let's see whether it will become true :-) Warm greetings, Rose

cryptoviewing
>>24920175

Dear Mike, we like to share and discuss respectfully on our plattform. We like you to be part ouf our community but please decide for yourself if this is too much of an expectiation for you. Warm greetings, Rose

cryptoviewing
>>24964558

Well we just got our daily update from our friend Mati Greenspan @ ETORO and he's reported about the FED's July 31 meeting. "As the Fed is now in blackout mode ahead of their July 31st meeting and the markets quite certain that they will cut their interest rates on that date, there's little in the way of market drivers at the moment."

cryptoviewing
>>24948197

Shane this is a issue for all of us. If you don't want a paper wallet then individual wallets is the only option right now. This is one of the pain points from being an early adopter. This will most likely not be an issue in the future, but as I always say in business, if there are no problems, then there are no opportunities... If it was all easy then we wouldn't be able to capitalize on the incredible gains coming in the near future. Think of it as getting your battle scars. You're earning your place in the new economy.

Anonymous

Will cryptos change from being "property" to being "money" by SEC definitions? I understand there is no tax on money and it will make purchasing with cryptos easier at the grocery store.

Anonymous

Thank you Ed, and of course the excellent team you're surrounded by. 🤐🤐 Not a fan of the taxman, I'll be nice.

Anonymous

Would love to get the teams feelings on Clinton Donnelly vs JJ Singleton tax approach!!!!!

cryptoviewing
>>25163915

Hello Bravo, I have forwarded your question to the team. Let's what they reply. All the best and thank you for your support! Rose

Anonymous

Great work,thank you.