Hello I have started accepting payments with bitcoin due to its anonym state. Should I state them at my taxes as payments? Should I just spend them as a bitcoin on groceries and under 1,000 payments? Also, is it worth it to take them in cash using a crypto atm? What is my best option to not get this money tracked and taxed?
This depends on your country's law. But once you convert your Bitcoin to cash, it is a sure thing that you have to report your transactions and pay taxes. I won't encourage you to tax evasion because it would be a huge problem if the government uncover your crime. If you keep your Bitcoin as is, and your country has no policy yet for cryptocurrency, I think you are safe from tax, though I thikn it won't be long because governments are now devising a scheme where they can tax our cryptocurrency directly.