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RE: I'm On The Top Of The World Lookin' Down On Creation...
I am glad I got rid of my traffic exchange years ago considering the Internal Revenue Service (IRS) is going after U.S. taxpayers who invest in or use crypto. The IRS started sending letters out this summer to file amended returns and pay taxes on crypto transactions. https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-currency-owners-advising-them-to-pay-back-taxes-file-amended-returns-part-of-agencys-larger-efforts
hi Glen, we have that same issue here in New Zealand.
Western governments have finally accepted that crypto has value, so needs to be taxed. We even need to include in our revenue statements when we do our annual beneficiary returns to social welfare. Yep, they denied for many years that crypto had value, now the truth has left these governments red-faced. Be now seeing the start of that backlash!
Just wait, won't be long until all holders of crypto will have to submit weekly or monthly returns - depending on holdings - to your respective taxers or suffer forfeiture of all crypto and banning of further investments. I worked in New Zealand Government for over 13 years, I know how taxing their brains are!
I bet you're feeling a lot less stressed and over-worked since you got rid of your TE.