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re: IRS Targets Former Citizen Because He "Caused A Loss To The IRS"
Posted on 5/3/24 at 3:02 pm to C
Posted on 5/3/24 at 3:02 pm to C
quote:
Not sure it’s straight forward if he purposely withheld distribution of the bitcoins. I pay Japanese taxes when Nintendo pays me a dividend. Not sure I can avoid that without going to jail.
I think the years in question make things a bit more complicated. 2017 was the first year normal people took BTC seriously. It went up to $20k for the first time. At that time, governments really didn't have a way to handle crypto. There really wasn't a way to report it and the skyrocketing price caught everyone off guard. No one, let alone the government, gave a shite about crypto in 2014
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