Quote from: Tai Chi Chain on February 24, 2018, 07:00:41 PM

I would highly contact professional advice on this matter to avoid any confusion & possible incarceration.

For those living in the US... this is extremely important.

When it comes to your freedom no financial amount is worth it!

Totally agree with you!! It would be a great idea for a 1099 or taxes to be deducted automatically so a person does not have to figure that out themselves just because with vague tax laws the government can come at you with anything they want but if it is not defined. There are no loop holes to use to come after little guys. I believe that with no clear directions, they are trying to scare little people from getting involved in Crypto for fear of coming after them. If a person has made a lot of money in Crypto, I don't see the big deal in paying some taxes on it. People will use the excuse of taxes and the government not to make money. Doesn't make sense to me!