CryptoTaxInfo

I follow crypto projects and personalities. I occasionally offer unsolicited crypto tax info whenever the mood hits me.

Also, #UnseatSherman2022.

[CryptoTaxInfo @CryptoTaxInfo]

@cryptoPoetaster

[CryptoTaxInfo @CryptoTaxInfo]

I admittedly don't understand the mathematics/coding/cryptography well enough to know if this theory has any obvious holes. Anyone with a better understanding care to comment? Looks interesting at first blush.

[John McAfee @officialmcafee]

Iran's centrifuge project was destroyed by hidden code in spite of thorough system auditing and security procedures.

How is this possible?

I'll explain using an example and I'm challenging every covert agency to disprove the validity of this explanation.

[CryptoTaxInfo @CryptoTaxInfo]

Shoot your shot, Texas Instruments, shoot your shot.

[Texas Instruments Education @TICalculators]

@AnnaGHughes Check your DMs✨

[CryptoTaxInfo @CryptoTaxInfo]

How long before @souljaboy completely deletes his account, let alone this tweet?

[CryptoTaxInfo @CryptoTaxInfo]

This.

[Neeraj K. Agrawal @NeerajKA]

the irony of someone with a signal in their bio suggesting we should ban a technology because criminals use it

[CryptoTaxInfo @CryptoTaxInfo]

@Abe_6006 @CryptoCobain (In the US)

[CryptoTaxInfo @CryptoTaxInfo]

@Abe_6006 @CryptoCobain Except they aren't treated like stocks. They are treated like property, and follow tax rules similar to those used for bartering.

There are additional nuances, but taxation of property is the section of code that governs crypto.

[CryptoTaxInfo @CryptoTaxInfo]

@EricStubbe4 @urinalmessy @Davincij15 You heard wrong.

[CryptoTaxInfo @CryptoTaxInfo]

@cryptoPoetaster https://t.co/Z9OS6zymAY

[CryptoTaxInfo @CryptoTaxInfo]

@NeerajKA Not well

[CryptoTaxInfo @CryptoTaxInfo]

@CryptoCobain @TwitterSupport Pleasesirmafamalie

[CryptoTaxInfo @CryptoTaxInfo]

@bitcoinbella_ Call the police and ask them to perform a welfare check. Might have passed out from the trauma.

[CryptoTaxInfo @CryptoTaxInfo]

@Duderichy @PsychoOnWallst ^Tell me you've never worked in public accounting/big law/investment banking without telling me...

[CryptoTaxInfo @CryptoTaxInfo]

@NathanWorsley_ @clublandgrace @fifikobayashi Your approach was obviously far more sophisticated. Great work!

[CryptoTaxInfo @CryptoTaxInfo]

@NathanWorsley_ @clublandgrace @fifikobayashi This instantly reminded me of this story:

https://t.co/m4kEEfmlnd

[Crypto Thanos @SnapTheBears]

Best scam I've ever seen:

1. Guy posts his MEW private key in a chat.
2. $5k worth of Minerium in it, no ETH for gas.
3. Half the people in the chat send gas to take it.
4. Smart contract. Auto-sends the $ETH to another address; keeps MNE in the account.

Fucking brilliant.

[CryptoTaxInfo @CryptoTaxInfo]

@anondeguerre @crypto_bitlord7 @SatoshiWolf @lindsaylohan @rariblecom To be clear for those reading, if you have a US green card or citizenship, you can't just move to another country with lower taxes. The US taxes its permanent residents and citizens on a worldwide basis. There are exemptions, but it isn't as straightforward as most ppl think.

[CryptoTaxInfo @CryptoTaxInfo]

@anondeguerre @crypto_bitlord7 @SatoshiWolf @lindsaylohan @rariblecom I suspect PR is the better option for US residents not looking to renounce citizenship.

[CryptoTaxInfo @CryptoTaxInfo]

@anondeguerre @crypto_bitlord7 @SatoshiWolf @lindsaylohan @rariblecom Two considerations for you to research:

If youre a big fish, relocating to Puerto Rico to take advantage of Act 20/22.

If a smaller fish, fund a ROTH SDIRA into an SMLLC with checkbook level control. Not worth the setup and ongoing costs for less than 10k investable assets IMO.

[CryptoTaxInfo @CryptoTaxInfo]

@anondeguerre @crypto_bitlord7 @SatoshiWolf @lindsaylohan @rariblecom Sophisticated tax avoidance planning is complicated. You're being way too simplistic in the way you think you could pull this off and really missing a ton of issues.

[CryptoTaxInfo @CryptoTaxInfo]

@anondeguerre @crypto_bitlord7 @SatoshiWolf @lindsaylohan @rariblecom I'm not going to provide a deep dive via 140 characters into all the holes in your plan. I just suggest you not continue to pursue this way of thinking.

If you ever make real money with crypto, compliance and tax avoidance planning offers the long term peace of mind you need.