just_nonce
To give more info. My friends situation is that they have no idea how much money they owe, the IRS does not know about this money because it's simply potential taxes owed during anonymous crypto trades, maybe. As far as…
I'm assuming an exit tax is only applicable in the event you actually have money in a bank or some sort of financial institution.
So, from what I gather, if you're looking to dodge taxes, the main way to do that is to move to a different country. But, you actually have to give up your US citizenship, because if you’re still a citizen, the…
- The Journey of Crypto MarketsNov 2, 2022
watching crypto gown in the way is has has been crazy the way it has evolved and grown of the years is wild. no one can tell what the future of crypto will look like it is every changing especially with all the new tech…
This is why the US should simply do what most other nations have done and only charge taxes for capital gains when you actually cash out. Then there is no incentive for liars to lie. And it doesnt unfairly punish those…