For all those people watching the #FTXScandal who also complained about hiring 87,000 IRS agents, which side are you on?
Why'd the Swamp want you mad t that IRS for expanding its “digital asset monitoring and compliance activities".
#ButNothingsHappening forbes.com/sites/robertwo…
Wonder why the crypto markets are melting down as the IRS is going into "beast mode" going after people who evaded taxes by putting money into crypto in the first place!
So for 2021, IRS askes a simple question.
Did you receive, sell, exchange or dispose of any interest in virtual currency?
If they lied & said no, they just won a free IRS financial colonoscopy...
Now if you just owned some & didn't make any transactions, it would be legal to say now. But if they said no & made any transactions with shell companies & accounts, they are likely to be in big trouble.
But now the 2022 question that will need answered at the end of this year includes gifts, rewards, awards, & other types of transactions.
So if someone gifts you some crypto or a crypto wallet in some off-shore account as a means of laundering money, it will now be covered...
Why now? Because after several years of effort, the IRS won court cases to force US based cryptovaults to tell the IRS the identity of any US connected account that traded more than $20k in transactions during a 5 year period!
So why do you think the Swampy fake news wanted you mad at the IRS for hunting people who take bribes in crypto currency, who launder money into crypto, who evade taxes & escape detection & prosecution for corruption?
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