CRYPTO TAX CRACKDOWN 2019 – TAX EXPERT EXPOSES IRS METHODS

Crypto Games- Gamble Online
Home Video News Reports CRYPTO TAX CRACKDOWN 2019 – TAX EXPERT EXPOSES IRS METHODS
Published on March 25, 2019
BitBay - Exchange Digital Currencies

The 2019 tax season is here and crypto traders are a low hanging fruit for the IRS and all tax enforcement agencies worldwide according to the international tax expert Clinton Donnelly which is our guest for this episode. You will learn a lot in this episode as we will be discussing how IRS is tracking all crypto traders and have probably mapped everyone by now and how you can protect yourself.

 

GET FULL ACCESS TO THE ACADEMY: academy.ivanontech.com

💰 BUY YOUR FIRST CRYPTO: www.coinbase.com
📈 BEST ALTCOIN EXCHANGE: www.binance.com
🔐 BEST WALLET: www.ledger.com

Good Morning Crypto
🎓 Join my online academy academy.ivanontech.com
👬 Join the crypto discussion forum – forum.toshitimes.com
📣 Join Telegram channel t.me/joinchat/AAAAAE2xJE4l8xhC8MU4cg
🎤 If you would like me to speak at your conference, book me here: ivanontech.com

#bitcoin #blockchain #ivanontech

👫👭👬Social:
LinkedIn: linkedin.com/in/ivanliljeqvist/
Instagram: instagram.com/ivanontech/
Steemit: steemit.com/@ivanli
Facebook: facebook.com/ivanontech/
Exclusive email list: eepurl.com/c0hyc9

DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make.

Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins.

Ivan on Tech by Ivan Liljeqvist

source

Ledger Nano S - The secure hardware wallet
  1. Well according to this guy i'm 500k in fines alone with 20 years in jail , i will just kill myself at this point not joking, when it happens

  2. Since most crypto being traded is not a security, it is treated as property by the IRS. The irs wants you to file taxes like you are trading stocks, but the rules of stocks do not apply to crypto. So the best way, is to total all of your gains against all of your losses the same as you would if you were selling things on ebay. There is no wash sale rule, and since it is all property, file your taxes as a sole proprietor of your business, not as an investor. Then you are free of most of the BS. Each purchase you make is an expense and when you sell, you either increase the profit for the year or decrease it based on the total value. This is how anyone filing taxes for a small business selling goods has to do it. Any other way is stupid and just giving away your money because of the gray area and lack of definitions.

  3. I am a taxpayer in the EU and I have no problem paying taxes. I would have even less problems if they'd deter from spending my taxpayers' money on illegal wars for resources, firearms and weapons, fossil fuels, bribery and killing innocents. Thank you!

  4. T

    THIS GUY IS GROSS AF. ABOUT 14:19 "THEY ALL SHOULD CALL ME… HAHAHA… ESPECIALLY THE BIGGER GUYS!" COMPLETE RED FLAG THAT HE JUST WANTS TO TAKE A BIG CUT FROM WHALES. PERSONALLY, I'D RATHER GIVE MONEY TO THE U.S. GOVERNMENT IN THE WAY OF TAXES OR PENALTIES THAT TO GIVE $$ TO THIS SKEEVE… REALLY, REALLY, GROSS. AND YES, DESERVING OF ALL CAPS.

  5. Can someone point me to the law that requires American Citizens to pay taxes?

  6. D H

    The IRS is not part of the US government. It's an illegal entity with no constitutional power. This guy is clueless.

  7. what is the rule regarding the $14k gift tax? What if someone gave their crypto away? I thought the IRS code states something along the lines of nothing needs to be filed if its gifted.

  8. Great interview, I've never considered this before.

  9. get all the money and change nationality…. that is what many usa based traders are doing now

  10. This guy doesn't mention most of the limits are higher the the average person watching this. Fbar is $10k or more and $50k on the 8938. He is fearmongering without explaining the important caveats.

  11. just pass all your crypto through a monero account and then say they stole your private key
    fuck the irs and this kind of government
    they will use your crypto to built weapons to make you pay more taxes

  12. how do they expect to find all these people?

  13. I scheduled a Phone conference with this guy after watching. He called me RIGHT at the scheduled time didn't charge me a thing and wouldn't accept a donation. Just explained my situation and he gave me great advice for free. I can't believe he would take time out of his schedule to give me free advice. Thanks Ivan for bringing this great guy on.

  14. Imagine the technological advancements once those 10k fine letters roll out. No more binance, no more vanilla BTC transactions, no more transparent blockchain. I'd get some popcorn.

  15. i'm a big fan of your channel ivan and have been watching for quite some time. i have to say this is by far the worst "interview" you have ever done and you should seriously consider removing this video. i say this because this guy answered your first question with a bold faced lie and continued to lie through most of the interview, except for when it was time for him to shill his book.

  16. Man this guy screams "Alex jones" vibes jesus, something to keep an eye on for sure but this seems rather extreme. Oh wait, its going to be okay though, just go buy my book. I know this guy has some good points and stuff but everything about this video makes me feel gross. Big fan of the show and look forward to future videos

  17. WTF? If you ASK FOR A DONATION ITS NOT FUCKING FREE. GODDAMN THIS VIDEO IS A PIECE IF SHIT. YOUR WORST VIDEO TO DATE IVAN. Been a fan since early 2017

  18. Ivan this guy is a salesman. Not a great choice as a guest. Its affecting the legitimacy of your channel. Im disappointed.

  19. Great vid. Now do it for EU pls

  20. I just started with Cryptocurrency trading for just over six years now. I have noticed a sharp increase of Coins related stories which are not only complete non-sense, but also false and misleading. It is clear that a lot of effort goes into creating a very positive picture for new traders in order to trick them into opening new accounts. My goal was to become a semi-professional trader. I started like any other new trader, without knowledge and little capital. I came across dozens of ads where brokers basically promised a rags to riches story if I opened and account with them. It made no sense to me, the math didn’t add up. I wasn’t sure about that because my heart didn’t accept the offer. After my first year in bitcoin trading, I needed to decided which strategy would be best for me. I spend the next two years testing my strategy in a live account with small deposits, no more than $250. I blew a few accounts as I fine-tuned my strategy,I needed to be sure of what I’m doing before making mistakes. I had to start watching more videos on YouTube and joining any bitcoin trading online forum i come across with. There was this particular forum that got my attention because of the ideas and trading strategies they were sharing was totally amazing and I decided to pay attention to this one. There was a lot of professional investors and trustworthy traders in that forum. I made up my my mind to open a conversation with one particular person named Mauricio Pierce that I really enjoyed his lectures. He made me to fully understand what bitcoin trading is and how to control my capital while trading. I wasn’t scared to invest anymore because Mauricio Pierce got my back. He made bitcoin trading very easy for me. Incase you are wondering who this man is, Here you can have his email address if you want to discuss with him. [email protected] He’s very responsive and pays attention to what ever questions you have for him.

  21. Don't trust this guy hes selling himself with FUD.

  22. Filing back taxes will throw up a red flag

  23. Taxation is THEFT. End of story Ivan. Move to a real place that supports freedom.

  24. There is no actual law saying personal income is taxable

  25. Now you understand why Trump wants to build a wall

  26. Confiscate what and how? How can IRS confiscate anyone's bitcoin without knowing the keys? Also YES, TAXATION IS THEFT. Period.

  27. I didn't like him mocking the janitor for "only" paying $4000 in tax. At that part of the interview I felt like he was completely disconnected from the average person. That janitor's income is MORE than the median income!? I don't know what to make of this guy? I am glad for the interview though….it's something we all need 2 think about…especially in the USA. Thanks Ivan!

  28. His website looks like one of those scsmmy bad ICOs websites.

  29. This dudes book isn't free either. It's listed on his site for $197. I appreciate his hustle but don't advertise "Free Crypto Tax Book" when it's not free.

  30. Excellent content Ivan! These kinds of vids are truly value adds to the community.

  31. Would be better if you make make a video about "How to trade cryptos totally anonymously and avoid IRS extortion"…

Leave a Reply

Your email address will not be published.