npub1ts…atmmg on Nostr: And it's much worse than paying 'back taxes'. The IRS puts you to work. They make you ...
And it's much worse than paying 'back taxes'. The IRS puts you to work. They make you trace all your coins around the blockchain, asking for more and more information. A years worth of transaction data is not small. They will 'claim' this movement of funds is a taxible event even though you just moved it from your wallet A to wallet B, then you move it back, another 'claim' that it's income. So no they taxed you twice for the same event, which wasn't even a taxable event. Burden of proof is on you. Then eventually the agent gives up and you get assigned a new agent, start all over, picking up where the old one left off. Goes on for 3 years. All because you wanted to use lightning.