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Old 11-23-2016, 09:21 PM   #1
Barry-xlovecam
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News Flash: IRS serves Coinbase BTC News

https://bitcoinmagazine.com/articles...ies-1479937234
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Documents filed by the IRS signal the agency?s intent to pursue both egregious tax evaders, as well as small, everyday users who use bitcoin and other forms of digital currency as a potential dodge for paying taxes.
Copy of Filing
https://t.co/9VERyUCpJa

Short selling opportunity ...
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Old 11-23-2016, 09:37 PM   #2
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Let the games begin! They will never be able to monitor every side transaction and they know it. This is simply a way to scare those that think they may have found a loophole...Nothing more. Feds and the like should up their game to really dig deep and learn this thing is bigger then they will ever realize. BTCFL
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Old 11-23-2016, 09:46 PM   #3
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If Trump becomes POTUS will he put a stop to this IRS coinbase abuse?
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Old 11-23-2016, 09:48 PM   #4
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If Trump becomes POTUS will he put a stop to this IRS coinbase abuse?
cause yeah, that will teach em.....
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Old 11-23-2016, 09:50 PM   #5
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Remember what the Feds got AL Capone for ...

Interesting timing however ...
More to develop maybe ... stay tuned ...

If you read the article -- as soon as BTC is converted into fiat currency the BTC ownership becomes known. You need to show records of where it came from and it is taxable as income or as capital gains.
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Old 11-23-2016, 09:52 PM   #6
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Remember what the Feds got AL Capone for ...

Interesting timing however ...
More to develop maybe ... stay tuned ...
I will stay tuned
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Old 11-23-2016, 09:55 PM   #7
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The most outdated entity on the face of the earth is the IRS. They soon willlll realize the software and the script book they play from has been beat so many times that it is almost pathetic they try and go after Crypto. This thing is way bigger then the Mafia, with so many more ways of keeping one's safe
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Old 11-23-2016, 09:55 PM   #8
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Pay your taxes, goyim.
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Old 11-23-2016, 10:00 PM   #9
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Truth an disclosion is the only way they will ever be able to run a true investigation....and even then, it would not be possible to track the final transaction from A to B
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Old 11-23-2016, 10:05 PM   #10
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Pay your taxes, goyim.
or try not to;)
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Old 11-23-2016, 10:25 PM   #11
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It really makes no difference unless the value dramatically rises (which we all hope) and we want to cash out! I'd rather use a reliable wallet like this then run the risk of losing everything without. Consider it a "potential" future fee. lol
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Old 11-23-2016, 10:28 PM   #12
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It really makes no difference unless the value dramatically rises (which we all hope) and we want to cash out! I'd rather use a reliable wallet like this then run the risk of losing everything without. Consider it a "potential" future fee. lol
Epass much?
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Old 11-23-2016, 10:45 PM   #13
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interesting indeed
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Old 11-25-2016, 04:05 PM   #14
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i know one popular site from Canada, they was accepting Bitcoin through coinbase processor.
Today we get a message " Bitcoin Payment it's temporary not available "
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Old 11-25-2016, 04:56 PM   #15
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Interestingly, I needed to check the balance on a prepaid card today that I use for testing purposes ( along with security a <$100 balance) and I had to recreate my online account and furnish some information.

I load that prepaid card with cash at the grocery store. Big brother is watching? They redesigned their website in the past day -- I logged in 2 days ago to the old website with no problem --- and maybe they trashed the database or had some security update possibly --- and not an IRS subpoena.
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Old 11-25-2016, 07:49 PM   #16
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Interestingly, I needed to check the balance on a prepaid card today that I use for testing purposes ( along with security a <$100 balance) and I had to recreate my online account and furnish some information.

I load that prepaid card with cash at the grocery store. Big brother is watching? They redesigned their website in the past day -- I logged in 2 days ago to the old website with no problem --- and maybe they trashed the database or had some security update possibly --- and not an IRS subpoena.
So you're out money?
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Old 11-25-2016, 09:13 PM   #17
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So you're out money?
HUH? LOL its a play money card for iffy internet purchases -- can't bang a prepaid card with little money on it.

No, there was $10 left on it I need to add $40 cash.
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Old 11-25-2016, 11:12 PM   #18
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I'm willing to bet there were a shit ton of guys just on this board alone that were buying and selling and probably owe a shit ton of cap gains tax lol
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Old 11-26-2016, 02:01 AM   #19
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btc pulled lol
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Old 11-26-2016, 05:10 AM   #20
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evocash
1mdc
egold
libertyreserve

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Old 11-26-2016, 08:50 AM   #21
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I'm willing to bet there were a shit ton of guys just on this board alone that were buying and selling and probably owe a shit ton of cap gains tax lol
Most of the people who sell/ buy BTC Local in their cities Want CASH only in person at timmis or any public place.
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Old 11-26-2016, 12:21 PM   #22
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A continuation of the fed scare tactics
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Old 11-26-2016, 12:25 PM   #23
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those that hold BTC now would be reluctant to sell, while buyers wouldn't really be affected much (nothing illegal about buying BTC), so shouldn't this news actually drive the price up? (same # of buyers, with fewer sellers = price going up)
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Old 11-26-2016, 12:26 PM   #24
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I agree woj... i'm not letting any of my BTC go away from me
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