Quote: (11-14-2017 01:03 AM)[email protected] Wrote:
I'm sure they know their stuff but it seems like most won't be using their services:
http://www.zerohedge.com/news/2017-11-13...-or-losses
If Americans are illegally dodging their tax you can only imagine what the rest of the world is doing within the confines of their laws. There's a reason Roger Ver renounced his US citizenship.
Some people are probably going to have some serious legal issues coming if they had six figure gains in those years and spent all the money already. The IRS is the one entity that you don't want coming after you. Even if you renounce your citizenship, odds are you will never be able to legally enter the country again even if you became a citizen of another country.
It's probably a good idea for anyone in the US who had big capital gains on cryptocurrencies in previous years to pay them now that they are pursuing this. If the IRS is the one to notify you first, expect a very hefty interest charge to be assessed on taxes that were owed 3-4 years ago. The interest on 100k in taxes past due could run 15-20k. They might let you off the hook on the interest if you are up front with them about it.
If you have a lot of money at stake hire a professional. There are probably lots of pitfalls and traps to setting up these things by yourself that you want to avoid.