| Название | : | IRS warns 10,000 cryptocurrency holders they may have broken tax laws |
| Продолжительность | : | 3.37 |
| Дата публикации | : | |
| Просмотров | : | 8,2 rb |
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The federal authorities will likely soon begin enforcement actions against taxpayers who have failed to properly report their virtual currency transactions But institutions and entities in the virtual currency industry are also at risk if the IRS believes they facilitated tax fraud For example, the IRS may assert that an employee of a virtual currency vendor improperly told a customer that taxpayers need not report virtual currency transactions on their returnsbrLance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams As an expert witness, Lance's side has never lost a lawsuit Google Lance Wallach and your advisor, who do you trust?br516-236-8440 wallachinc@gmailcom Comment from : Lance Wallach |
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The reason they get the data its called KYC, once the market cap of Bitcoin exceeds the market cap of the dollar, we will declare de dollar a commodity and Bitcoin a currency All transactions in dollars will be taxable, and if you need to sell dollars to pay your taxes that will also be taxable, transfering the dollar from a bank account to your wallet will be taxable, buying or selling dollars will be a taxable event, buying coffee with dollars will pay property taxes, and remember when buying dollars with real money that will not be taxable Moving cents to dollars is also taxable, remember the dollar will be property It can easily be seen that this property thing is nonesence could you imagine the mess if the dollar was declared to be property Comment from : sergiosergio12345678 |
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The IRS tax laws involving cryptocurrency continue to evolve In general, the US tax laws involving the taxation of cryptocurrency can be very complicated This is primarily due to the fact that the Internal Revenue Service treats cryptocurrency as property, even though it is generally thought of as currency Moreover, cryptocurrency tax enforcement is on the rise as well Even the updated Draft 1040 for 2020 includes a question about cryptocurrency on the first page of the form Whether or not you received an IRS Letter 6173, 6174 or 6174-A, you are at a risk for an IRS cryptocurrency tax audit This is further amplified if you maintain cryptocurrency at Coinbase, due to the court approval (after several rounds) of the IRS Summon for more than 14,000 account holdersbrLance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams As an expert witness, Lance's side has never lost a lawsuit Google Lance Wallach and your advisor, who do you trust?br516-236-8440 wallachinc@gmailcom Comment from : Lance Wallach |
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IRS Disclosure Program(s)brCRYPTOCURRENCYbrIf you have not yet reported your virtual currency transactions, you should consider amending prior years’ tax returns and/or participating in the IRS Voluntary Disclosure Program Keep in mind that if the IRS deems the failure to report your cryptocurrency holdings as fraudulent, there is no time limit for the agency to audit fraudulent tax returnsbrLance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams Google Lance Wallach and your advisor, who do you trust?br516-236-8440 wallachinc@gmailcom Comment from : Lance Wallach |
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The IRS recently released new guidance about virtual currency—the first in 5 years—which mainly dealt with whether taxpayers have gross income from two cryptocurrency events: hard forks of cryptocurrency the taxpayer owns and an airdrop of a new cryptocurrency following a hard fork, if the taxpayer receives units of new cryptocurrency If you own virtual currency, no matter whether these terms sound like a foreign language to you or you are familiar with them, you may need to account for these events on your tax return for the year when they occur As a crypto investor, you face significant risks regarding taxation and the IRS These risks can be mitigated, however, with help Most accountants have no clue Lance Wallach receives hundreds of calls for help Google him and your advisor Who do YOU trust? 516-236-8440 Comment from : Lance Wallach |
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The IRS will audit Cryptocurrency, get help NOWbrThe IRS views crypto as property, not currency, which means that mining, selling, exchanging, or spending your coins are all taxable events that you need to report Cryptocurrency and Bitcoin taxes are a tricky field to navigate Even today, IRS guidance remains quite vague, and many CPAs don’t know how to properly file crypto taxes However, despite confusing or unclear guidelines, the IRS has made it very clear they want you to report your cryptobrGoogle Lance Wallach and your advisor Who do you trust? Contact Lance and his team of experts before it's too late! 516-236-8440 wallachinc@gmailcom Comment from : Lance Wallach |
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Cryptocurrency audits by the IRS of bitcoin (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), Zcash (ZEC), darkcoin/dash (Dash), and more Cryptocurrency compliance investigations may also turn into larger, criminal tax investigations These situations can be a massive intrusion into your personal and professional life and your accountant could be compelled to tell the IRS everything you’ve told him or her because the “accountant-client privilege” does not extend to criminal investigations or state tax proceedings Lance Wallach receives hundreds of calls to fight the IRS 516-236-8440 Google him and your advisor, WHO do YOU trust wallachinc@gmailcom Comment from : Lance Wallach |
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Since micro-captive insurance companies were placed on the IRS “Dirty Dozen” list of tax scams in 2014 and identified as a transaction of interest in 2016, the IRS has continued to expand its enforcement efforts of what it views as abusive micro-captive insurance arrangementsbrbrThe IRS has been gathering information on taxpayers and instituted a new virtual currency compliance program in 2019 Here is an excerpt from one of their notices:brbr“We have information that you have or had one or more accounts containing virtual currency but may not have properly reported your transactions involving virtual currency, which include cryptocurrency and non-crypto virtual currencies”brbrNew IRS Notice 6174-AbrbrThe IRS clearly sees noncompliance on virtual currency transactions as a threat to the tax systembrbrAs if the onslaught of recent losses in Tax Court was not enough, investors in syndicated conservation easements now have more to worry about On August 25, 2020, the Senate Finance Committee released a bipartisan report condemning syndicated conservation easements as abusive and encouraging the IRS to take further action to ferret out such abusesbrbrLance Wallach has received hundreds of calls, 516-236-8440 to fight IRS and sue the promotors of conservation easement, captive, and cryptocurrency plans Google him and your advisor, Who do YOU trust? Wallachinc@gmailcom Comment from : Lance Wallach |
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It’s a currency Comment from : reallifewmike - |
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last time i checked it called digital currency not digital property Comment from : Z |
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If you do a KYC expect to pay taxes! That’s not anonymous Comment from : Derek Hiller |
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I have 100000$ losses and I can write legally only 3k BUT STILL HAVE TO PAY TAXES,haha !!! IRS ITS A SCAMMMMMMMMM!!!!!!💯💯💯💯💯💯 Comment from : Elena Efremova |
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nocoiner warns about crypto Comment from : brian kendall |
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IRS try's to get there filthy hands on everythingscrew them I hope crypto currency shuts them down in the future Nothing but pimps trying to make a dollar off the next person Comment from : Joe G |
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Yeah because if they say its a currency they can't tax it Very convenient! Comment from : Detorreon Pla |
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Omg this is such bssetting people up, fucked up Comment from : Rebelstarr Haircolor |
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Its the exhanges and btc is transparent to a degree Comment from : indo |
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Taxation is theft xmrto Comment from : Augustus S |
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This news airing is the statists trying to troll and scare FUD into the crypto community to get out of Bitcoin as if it's not worth it Comment from : evan tho top G |
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Good Make all the Lolbertarians cry Comment from : BN |
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The blockchain is to keep track of every transaction Criminals still hid money and jewels in lock safes like Epstein Just imagine if that blockchain track all the transaction from Epstein and friends Comment from : Jay R |
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Lol good luck collecting it Comment from : Big Aaron |
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What a bozo Comment from : Ian Dooda |
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do you only pay capital gains when you transfer bitcoin to any kind of real currency? Comment from : stacey vieira |
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Is the IRS constitutional? Comment from : J |
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You guys at CNBC are so dumbbrBitcoin is not anonymous if coinbase provide a match between ID and wallet addressbrbrCan you guys do your job sometimes for God sake Comment from : vinG91 |
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doing the banks bidding Comment from : teebone 21 |
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next piece of news we hear 1000 cryptocurrency holders go to jail Comment from : personal hobbies |
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i thought it was every american's duty to not pay taxes the orange president says not paying taxes is smart Comment from : vietimports |
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lol if you hold Crypto your not worried about the IRS Scare tactics Taxation is Theft Comment from : HiddenHalo |
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did the irs use a block chain to identify all the crypto holders? Comment from : Korn Pop |
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Bitcoin is a scam,Knew this would happen Comment from : Jeff Rose |
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