IRS/Coinbase question..

According to the PSA that was posted the irs wants all customer's information.. and honestly I'm kind of lost where some users should stand if they use coinbase or circle without jeopardizing like SSI,Welfare, or disabilities.. like people who received these benefits, would they lose if even a flag goes up? Like if they bought $250 a month of BTC would it set them up for failure..? I'd like honest real responses but, I know that you fucks like to answer shit-like pricks, but it's sarcasm.. I get that honestly.. but to me this is an important factor for a lot of drug users/abusers, aka your next customer/best friend..


Comments


[5 Points] VeryHappyYOUlanded:

You will still get your welfare check


[4 Points] None:

It's about an exchange; selling btc in this case. Buy all you want, but be careful cashing out. The IRS is looking for people cashing out a lot of btc; specifically, people that don't file taxes or have very little income, which is suspicious.

If there are large enough transactions converting btc to cash, the govt will want to get income tax on any gains. Then they'll want to know the source. The original post mentioned Al Capone as an example.


[1 Points] None:

[deleted]

What is this?