- 29,643
- 20,902
- Joined
- Dec 23, 2009
And the paper hands selling
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IRS going after people who haven’t filed and reported their crypto gains on sales. Just a warning for those who had planned to not report it even though they were provided a 1099.
Keep in mind that this constitutes fraud. Meaning that the normal 3 year look back period will no longer apply. The IRS and then any state/city will have the ability to open up any tax year against you going back until when you filed your very first tax return.
Not legal advice, but I’m sure one can settle quick by just stating you didn’t fully grasp the laws, as they’re newer, and just agree to make payments. They won't seriously be charging folks who lack a criminal history and had made minimal profits (significantly less than six figures). IRS and the government got bigger fish to fry.IRS going after people who haven’t filed and reported their crypto gains on sales. Just a warning for those who had planned to not report it even though they were provided a 1099.
Keep in mind that this constitutes fraud. Meaning that the normal 3 year look back period will no longer apply. The IRS and then any state/city will have the ability to open up any tax year against you going back until when you filed your very first tax return.
Homie Turned 3 Into 20 AlreadyAnybody ape into $BOME??
That ****s going crazy
Yeah if I ever get audited the auditor has no idea what they're in for. Rugs, dead coins, NFTs, I'm liquidating it all.On the flipside, they make it even more difficult to claim the losses.
Was going back and forth on claiming losses on the rugs, nodes and Daos from 2021/2022 but it'd be hard as hell to prove. I left it alone.
Did SOL not get the memo about a dip?
What's BOME?
The one week I can't WFH and everything is happening without me.
Anyone get Airdropped American Coin in the Phantom wallet? What a nice Surprise, its at 10M Market Cap now