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RE: Once Bitcoin starts to be accepted in small retail stores it will spread like a virus making the price skyrocket!!!!!
And then worry about the tax implications of spending undeclared income!!
And then worry about the tax implications of spending undeclared income!!
How would irs know? do you show your id buying btc? or you can always claim it on your taxes and stop worrying.
Are you serious? The minute you start spending it they will know. Then it’s child’s play to back track through the block chain. The block chain is an autitors dream. All exchanges have KYC measures in place. It’s simple for tax authorities to find you. Most crypto is less anonymous than cash.
Well, I suggest you don't spend your crypto then.
Good idea! I’ll die with plenty of 1’s and 0’s!!