Reposting this in its own thread as it was brought up in another:
If you neglect to pay your taxes because "its not clear enough" or "to difficult" for you. The IRS wont be nice. The IRS now sees you as a criminal and works with you to make the process as quick as possible, so they can move on to the next. It wont be as easy as paying your taxes plus a fee. If you neglect years of tax payments IRS will go after those tax, a fee and also interest on all those payments. A small tax evasion can turn into a big hit. Take it from someone who has family that was in this situation when they were young and naive.
People are being idiots. No one realizes its better to pay taxes now and be safe for the future. If 3 years from now the IRS declares like for like trades are not taxable or crypto isnt taxable, you will get all that money back in a refund. People keep saying let them come for me and do the work...no they wont. What they will do is due to lack of information, assume your starting base was 0. Contact the exchanges for your history and tax you on every single dollar. The idea that, if i cant even track my expenses, neither can the IRS is the stupidest excuse. You will also pay interest on every single dollar you made.
Yes odds are you wont be audited out of the chunk of investors evading their taxes, but do you wanna play a losing lottery and be fearful that one day you might be picked?
Head the warning. Dont try to play the system.
Edit: Please upvote for visibility. I know you cant sway some but rather speak to those willing to listen.
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