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RE: Congressional Carnival [S1E3.2]: US Treasury Dept's Overreach Exposed as Bitcoin Traders Sentenced to Jail [STEEMIT EXCLUSIVE #3]

in #bitcoin7 years ago

The potential for legal problems based on CPA ignorance of the law ought to be a very real fear for everyone not just the crypto community. A few years ago I met a US guy living in Germany who had paid 13 years of state taxes because the tax assistant said he had to. I spent 3 minutes on the website for that taxing authority and found out that after 180 days living outside the state he was no longer liable for those taxes. These days the majority of tax pros use computer software that is limited in understanding tax law and in some cases will deny access to forms, credits, or debits because the program doesn't recognize the tax payer's right to claim it.

That is a good idea and could prove quite valuable in the near future.

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