Discover and read the best of Twitter Threads about #perjurytrap

Most recents (1)

1/Almost every taxpayer has a financial interest in some form of virtual currency, by the IRS definition.

Meaning, almost everyone should answer YES to this question, even if you don’t own cryptocurrencies.

#cryptotaxes
#perjurytrap
2/If you answer the virtual currency question falsely, you could be charged with perjury.

Lawyers call this a “perjury trap.”
3/Yet, most observers feel the IRS has not provided adequate guidance for taxpayers to know how to report their cryptocurrency income, especially in light of DeFi innovations.

The Government Accounting Office (GAO) asserted that the IRS could do more to help taxpayers comply.
Read 7 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!