In this short video Mike Maloney looks at Bitcoin and the IRS. The tax collectors (IRS) are realizing Bitcoin could be a cash cow for them. The IRS is puzzled over why out of 500k Coinbase users, only 900 of them reported gains or losses from cryptocurrency trading (reference).

Will the IRS be planning to apply more scrutiny to Coinbase users for tax year 2017. This may cause taxpayers to sell Bitcoin (other cryptos) to cover their tax liabilities when the bill arrives from the IRS.

Image from GoldSilver (w/Mike Maloney)

Full Video

4 minute video from GoldSilver (w/Mike Maloney) published 28 November 2017

I am not affiliated with Mike Maloney. I am a subscriber to the GoldSilver (w/Mike Maloney) YouTube channel.

The purpose of this post is to expose Mike Maloney's work to a wider audience, increase his views on YouTube, and hopefully increase the number of subscribers to his YouTube channel.

Coinbase

I buy my Bitcoin, Ethereum, and Litecoin through Coinbase. For me, buying them through Coinbase is fast and convenient. Plus, you will get $10 in Bitcoin when you signup at Coinbase using this link and you buy $100 or more of crypto-currency.

Thank You!