• All new members please introduce your self here and welcome to the board:
    http://www.professionalmuscle.com/forums/showthread.php?t=259
Buy Needles And Syringes With No Prescription
M4B Store Banner
muscleshop
Riptropin Store banner
Generation X Bodybuilding Forum
Buy Needles And Syringes With No Prescription
Buy Needles And Syringes With No Prescription
Mysupps Store Banner
IP Gear Store Banner
PM-Ace-Labs
Ganabol Store Banner
Spend $100 and get bonus needles free at sterile syringes
Professional Muscle Store open now
sunrise2
PHARMAHGH1
kinglab
ganabol2
Professional Muscle Store open now
over 5000 supplements on sale at professional muscle store
pharmacom
granabolic1
napsgear-210x65
finestgears
over 5000 supplements on sale at professional muscle store
over 5000 supplements on sale at professional muscle store
ashp210
UGFREAK-banner-PM
advertise1
advertise1
over 5000 supplements on sale at professional muscle store
over 5000 supplements on sale at professional muscle store
over 5000 supplements on sale at professional muscle store
over 5000 supplements on sale at professional muscle store
over 5000 supplements on sale at professional muscle store
over 5000 supplements on sale at professional muscle store
over 5000 supplements on sale at professional muscle store

Cryptowallet that allows for transfer to bank account and doesn't report to IRS?

Status
Not open for further replies.

Biggerp73

Verified Customer
Registered
Verified Customer
Joined
Jan 15, 2012
Messages
2,004
Is there a cryptowallet out there that both allows for sale of crypto/transfer to bank account in addition to sending/receiving crypto exchanges, that doesn't report to the IRS?
 

bigboy05

Active member
Registered
Joined
Jun 3, 2009
Messages
610
Binance does not end out tax forms. You can buy, trade, convert and off load to your bank account without worrying about being reported. However, any US bank by law has to report 10k or more to the IRS so there is the kicker. They can even report under that if the transactions seem shady.
I have never received a tax form from Coinbase, personally, and I have onboarded/offloading a decent amount of money. To my understanding (may want to verify this) Coinbase only sends out tax forms if you have made money staking assets on Coinbase but I'm not 100% sure on that. I've read Coinbase has to send out tax documents once you hit a certain amount but like I said I have never received anything.
Onboarding fiat, holding in a wallet, sending to an external wallet...none of these are reportable activities.
What your asking is the same question everyone is crypto is asking...how do I get my money without the IRS knowing...lol. If you figure it out DM me.
 

A50#

Old School Moderator
Staff member
Moderator
Registered
Joined
Jun 20, 2002
Messages
2,928

Nicky_Slim24

Verified Customer
Registered
Verified Customer
Joined
May 10, 2022
Messages
109
Binance does not end out tax forms. You can buy, trade, convert and off load to your bank account without worrying about being reported. However, any US bank by law has to report 10k or more to the IRS so there is the kicker. They can even report under that if the transactions seem shady.
I have never received a tax form from Coinbase, personally, and I have onboarded/offloading a decent amount of money. To my understanding (may want to verify this) Coinbase only sends out tax forms if you have made money staking assets on Coinbase but I'm not 100% sure on that. I've read Coinbase has to send out tax documents once you hit a certain amount but like I said I have never received anything.
Onboarding fiat, holding in a wallet, sending to an external wallet...none of these are reportable activities.
What your asking is the same question everyone is crypto is asking...how do I get my money without the IRS knowing...lol. If you figure it out DM me.
Thanks for the info
 

astrosfan123

Active member
Registered
Joined
May 16, 2014
Messages
276
if you figure that out let me know ha, i use cash app to buy btc and fund my sportsbook. When i cash out sportsbook it sends btc back to cash app where i will then quick sell for cash then deposit cash back to my bank account. I hear chirps of a btc debit card that can be used as cash. I need to look further into that and see if that is tracked too. Best case though is to just pay the taxes. With the types of deposits i randomly had coming into my bank account i rather be safe than sorry.
 

mbuilder

Member
Newbies
Joined
May 6, 2009
Messages
29
Is there a cryptowallet out there that both allows for sale of crypto/transfer to bank account in addition to sending/receiving crypto exchanges, that doesn't report to the IRS?
Don`t try and out smart the IRS it is not worth it. it usually takes a few years for things like this to catch up to you and then with the penalty, maybe jail, interest and principle YOU WILL PAY, and pay dearly too. My uncle has worked for the IRS over 20 years and said that YOU MUST declare ALL crypto income and the IRS IS targeting these people that cheat on a substantially increased effort with a much larger crew than ever 2 years ago.
In short... crypto IS BEING TARGETED BIG TIME, just have to be patient and they will find you.
Good Luck!
 

Biggerp73

Verified Customer
Registered
Verified Customer
Joined
Jan 15, 2012
Messages
2,004
I assumed there must be some way to get around it given the fact nearly every source on this board all uses Bitcoin payments. Are sources paying taxes? 😂
 

pesty4077

Moderator/ Featured Member / Kilo Klub
Staff member
Moderator
Featured Member
Kilo Klub Member
Registered
Joined
Mar 18, 2008
Messages
10,453
I assumed there must be some way to get around it given the fact nearly every source on this board all uses Bitcoin payments. Are sources paying taxes? 😂
Sources aren't exactly giving you out personal information are they? Paying taxes on an illegal operation is beyond stupid.

Why you even asking then? All short term purchase and sell of cryptos have to be reported to IRS. Cheat the IRS and take your chances they will catch you or not.
 
Status
Not open for further replies.

Staff online

Forum statistics

Total page views
533,209,032
Threads
130,737
Messages
2,617,326
Members
158,364
Latest member
MyTastyBits
NapsGear
HGH Power Store email banner
Leader Powder Store email banner
Prowrist straps store banner
Advertise Here
FLASHING-BOTTOM-BANNER-210x131
raws
Savage Labs Store email
Syntherol Site Enhancing Oil Synthol
AQ3 email Banner
pomps
rawhormone
ezgif-com-resize-2-1
MA Research Chem store banner
MA Supps Store Banner
thc
Keytech banner
musclechem
Godbullraw-bottom-banner
Injection Instructions for beginners
Knight Labs store email banner
ODINBanner-PM1
ashp131
Advertise Here
Top