I just got hit with an 8% NY state tax on $66k worth of declared miners I resold back in 2017. So a bill for about $8k.
https://imgur.com/a/w4bwtgyAnybody see any way out of this, or think a lawyer might be able to help me out? Otherwise, I'll have to take out a loan or consider bankruptcy.. :/
If it is already declared in 2017, I don't see any way out of this, even if you hire a lawyer! And most importantly a lawyer is "Bunch of ball-washing bastards!" as stated in the movie "The Shawshank Redemption" by Captain Hardley! So decide your next step wisely! A good tax lawyer in NY will cost you a fortune!
Instead, my suggestion will be to pay off the tax demand especially when you have declared the sell of miners in 2017! If you haven't declared this in the first place, you could have contested it, now the ball is in the court of tax department.