Think Cryptocurrency Is Confusing? Try Paying Taxes on It
jackslash
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Bitcoin enthusiasts may be in for bad news if they thought they could avoid taxes. The IRS is relentless.
It reminds me of something that happened 20-some years ago. The large corporation I worked for began giving stock options to lower level managers, who often did not understand the tax implications. Some thought they did not have any tax obligation until they sold their stock, but the IRS thought otherwise.
https://www.nytimes.com/2018/03/21/techn…
It reminds me of something that happened 20-some years ago. The large corporation I worked for began giving stock options to lower level managers, who often did not understand the tax implications. Some thought they did not have any tax obligation until they sold their stock, but the IRS thought otherwise.
https://www.nytimes.com/2018/03/21/techn…
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I haven't paid anything on it the past two years.
Oh yeah, maybe that's why.