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RE: Cryptos and Taxes, April 15 Is Just Two Months Away

in #bitcoin7 years ago

Thanks for sharing this @g-dubs. I actually met with a person from the tax office in my country today to discuss taxes and cryptos.. I imagine it will prove problematic for a lot of people who don't pay taxes on what they earn.

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I think the laws will eventually change to be more sensible. Until then the prudent move is to file and pay based on the current framework. Even if there's mistakes the tax authorities will generally work with you if you made an honest attempt to do it right in the first place. But if you just evade taxes you could end up w a big problem down the road. I don't want to take that chance!