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RE: Think You Might Owe Taxes on Cryptocurrency Transactions for 2018 - Help is Here
What would happen if you has a bank account in Malta and paid all earnings directly to there.
What would happen if you has a bank account in Malta and paid all earnings directly to there.
LOL. Good question @cryptoandcoffee. Now, I'm not a tax person, not an account, not a CPA, not a lawyer, but I think if you live in the USA, you have to report the bank account anyway on the Federal return. If you are in another country, like some place in South Africa, you more than likely have different regulations. Nothing can compete with a competent CPA. Thank you for dropping by. Much appreciated!
I have been looking into it as it is going to become more important going forward. Will let you know my findings as it is a loophole . I think it is legitimate if you have a bank account and maybe a post box as a postal address there.