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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
Posted by Knartfocker
Member since Jun 2020
1373 posts
Posted on 5/3/24 at 3:02 pm to
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
Posted by boosiebadazz
Member since Feb 2008
80481 posts
Posted on 5/3/24 at 3:03 pm to
That’s not really the focus.

The focus is the alleged false reporting of what he and his companies held when he caused his exit return to be completed.
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