It is pretty funny that almost whole bitcoin area isnt taxed.
Using this way of thinking, all of us are criminals- because we use bitcoin and steemit right?
I like to gamble sometimes.
So if i use bitcoin casino, and gamble my money there I am a bad person, only because governement is not smart enought to collect taxes out of it?
According to a friend, whose brother works for the IRS. Bitcoin only becomes traceable/taxable when you convert it to USD (for now). They have gone after people blatantly breaking the law (drug dealers for example) who are holding a lot of BTC. We will know when that first audit hits and someone is made an example of.
Yeah , but they won't track you have bitcoins just like that.
They will only for some reason, for example if they will get an info you are using bitcoins.
It is obvious that if you get a lot of money on your bank account, IRS will meet you .