Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Cashing Out Thousands of Bitcoin
by
NeilLostBitCoin
on 28/09/2023, 18:03:22 UTC
⭐ Merited by fillippone (1)
What would happen if you suddenly sent a hundred million dollars to several banks/financial institutions? Would the IRS be immediately notified? Would your accounts get frozen? How do you avoid this?

This is the problem that I want. Of course, the IRS would be immediately notified. But firstly I wouldn't withdraw it at once to avoid this problem. And this could put you in danger since they know you once you put it in your bank. So what if you need the money badly as soon as possible? The only way I can do this is with the help of financial mentors or attorneys. They know how to bend the laws to minimize your tax.