There's no denying that the petitioners have money to pay to settled their tax liabilities. But they can't withdraw it in a timely manner, maybe they are waiting for the price to go up and make profit to at least lessen the damage. What are your thoughts on this?
Are you willing to sell your crypto to pay our debts or just go on settle it in months or years?
One thing is probably the reason here, they have no intention in paying their tax. I believe they decided to not to withdraw their cryptocurrency to pay for their tax thinking that it will double in value and possibly to lessen the losses from this investment.
Anyway, I hate troubles so yes I am willing to sell my crypto to pay my debt but if it is possible I'll go on settling it in months or years. Who doesn't want to wait for a crypto investment to go up ?
There's no denying that the petitioners have money to pay to settled their tax liabilities. But they can't withdraw it in a timely manner, maybe they are waiting for the price to go up and make profit to at least lessen the damage. What are your thoughts on this?
Are you willing to sell your crypto to pay our debts or just go on settle it in months or years?
There is nothing strange in a situation like this, they owe money to the IRS and they have assets in cryptocurrency over $7 million and since they disclosed their assets to the authorities they are bound to pay the amount one way or the other and they cannot expect them to wait till the price of their asset reach a certain level so that they could earn the profit they desired. It is better to pay the money they owe rather than getting into trouble with them.
Indeed, institution doesn't care for people, all they care is the agreement between them and the law governing the situation. They won't wait for anything but the implementation of the law.