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RE:Try; When doing your taxes this year, don't forget to include your income
General Boards - The Lounge
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Replies: 14
| visibility 151

RE:Try; When doing your taxes this year, don't forget to include your income

3
Feb 22, 2024, 1:25 PM
Reply

from illegal activities.


https://www.newsweek.com/irs-asks-americans-report-income-illegal-activities-1871446

badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

Thats like these idiots on Reddit

2
Feb 22, 2024, 1:28 PM
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They be like. I made 1 million on crypto in 2021 and just now selling it, how do I handle the taxes???

You don’t handle the taxes on that you moron, there were no crypto tax laws until 2024 so take your profit and peace out. The government isn’t gonna ask questions bc they can’t track from Centralized exchange to wallet to another exchange to sell. Don’t pay the taxes

2024 purple level member flag link military_tech thumb_downthumb_up


I was asked on my taxes the last 2 years if I bought/sold any crypto***

1
Feb 22, 2024, 2:09 PM
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badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

You might get a few hundred, or even a couple of thousand $$ by Mr.

2
Feb 22, 2024, 2:24 PM
Reply

IRS man, but anything more than $10k or so I wouldn't count on them turning a blind eye to.

I guess you could go to a bitcoin ATM and convert it to cash.

2024 white level memberbadge-donor-15yr.jpgringofhonor-lakebum1-110.jpg flag link military_tech thumb_downthumb_up

Yeah I ain't tryin to go to jail over NOT reporting

1
Feb 22, 2024, 6:04 PM
Reply

$10K of income. A million of tax free income? I might move out of country and see if they'll come look for me.

$10k? I'll pay the $4k in taxes and be done with it.

badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

You just want to hand them 4k when they will never investigate this?


Feb 22, 2024, 7:50 PM
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I’m all for being a legal beagle but don’t be stupid

2024 purple level member flag link military_tech thumb_downthumb_up


I like to sleep at night.

1
Feb 22, 2024, 8:17 PM
Reply

and there is no statute of limitations on tax fraud.

2024 orange level memberbadge-donor-15yr.jpgringofhonor-fatherg-110.jpg flag link military_tech thumb_downthumb_up

You should also be asked if you have a foreign bank account.***


Feb 22, 2024, 5:57 PM [ in reply to I was asked on my taxes the last 2 years if I bought/sold any crypto*** ]
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2024 orange level memberbadge-donor-15yr.jpgringofhonor-fatherg-110.jpg flag link military_tech thumb_downthumb_up

I'm sure I was***

1
Feb 22, 2024, 6:03 PM
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badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

Yes. And just say no.***


Feb 22, 2024, 7:49 PM [ in reply to I was asked on my taxes the last 2 years if I bought/sold any crypto*** ]
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2024 purple level member flag link military_tech thumb_downthumb_up


That's how they busted Mr. Capone.***

3
Feb 22, 2024, 1:32 PM
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Re: That's how they busted Mr. Capone.***

2
Feb 22, 2024, 1:35 PM
Reply

that, and syphilis

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Question:

8
Feb 22, 2024, 1:51 PM
Reply

If I don't take any money for my illegal activities, and said aforementioned activities are really a service to humanity, then can I write those things off as charitable donations?

ringofhonor-rhtig.jpg flag link military_tech thumb_downthumb_up


Yes

5
Feb 22, 2024, 1:55 PM
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2024 purple level member flag link military_tech thumb_downthumb_up


Can i take a deduction....


Feb 22, 2024, 7:46 PM
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For all the illegal drugs I've paid for in cash?

badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

Replies: 14
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by clemsonfan2000c®

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