Crypto 360°

A different view of the recent bitcoin movements

submitted by /u/MSchmahl
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IRS: "We have information that you have or had one or more accounts containing virtual currency but may not have properly reported your transactions involving virtual currency"

I received a letter from the IRS today that accuses me of breaking the law. Yet I believe I have properly reported and paid all the taxes I was supposed to on my bitcoins.

They've sent out three letters, and mass mailing started this week. The three letters are:

6174: Basically means they know you have crypto

6174-A: Basically means they think you broke the law and haven't paid your taxes, and may or may not start enforcement actions on you soon

6173: Means they are sure you broke the law, and are coming after you now.

I received 6174-A. Even once I prove I did everything correctly, it's probably going to have cost me many hours and maybe a lot of money to an accountant. Just a heads up to everyone for what's coming.

You can read more about the letters here:

https://www.irsmind.com/audits/irs-begins-targeting-taxpayers-who-misreport-virtual-currency-transactions/

submitted by /u/q928hoawfhu
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Daily Discussion, July 25, 2019

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

We have a couple chat rooms now!

Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
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CoinText: "You can instantly send any amount of #BitcoinCash to anyone in the world for less than a penny! Introduce your friends to better money today!"

submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/chvt7h/cointext_you_can_instantly_send_any_amount_of/

Sell anything and earn Bitcoin Cash! Zokos.com is a service that helps you setup your own store on OpenBazaar in less than a minute!

submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/chvujv/sell_anything_and_earn_bitcoin_cash_zokoscom_is_a/

Puerto Rico Governor Ricardo Rosselló Resigns: Is the Dream of a Cryptocurrency Island Over?

submitted by /u/afriendofsatoshi
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source https://www.reddit.com/r/btc/comments/chvaxs/puerto_rico_governor_ricardo_rosselló_resigns_is/

Bitcoin: Despite Bear’s Strength, BTC is Statistically Likely to Surge Higher in Near-Future This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

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