Post
Topic
Board Bitcoin Discussion
Re: Can we avoid crypto taxes with other users assistance?
by
Coin_trader
on 17/03/2024, 07:20:18 UTC
Moreover, that's why users are always searching for legitimate or illegitimate ways to reduce their tax obligations. This made me think about collaboration with individuals living in countries where we don't pay any taxes, to offer some insights that might help mitigate tax obligations?

You should hire a professional accountant to legally reduce your taxes. This is the only way to pay less tax without committing a serious crime. Sending someone your Bitcoin just to avoid taxes is a form of money laundering since you will need to explain that expenses especially if the amount is big. This kind of move is questionable on audit by the IRS or same agency on your country.

I’m a tax payer myself due to my business and everything should be documented to avoid evading tax because this is a serious crime. Crypto tax evasion is much easier to track since there’s a blockchain while if your transactions involves CEX.