<story><title>IRS Notification</title><url>https://support.coinbase.com/customer/portal/articles/2924446</url></story><parent_chain><item><author>seibelj</author><text>I highly recommend that you do not commit tax fraud. Pay your taxes - not only the right thing to do, but because of the lack of anonymity provided by every blockchain save a few, it is trivial to track your trades.&lt;p&gt;You don’t want to go from mild-mannered software engineer to tax criminal, do you? Think about it hard. Government lawyers and regulators are indeed incentivized by metrics - the max number of pleas and convictions. They don’t care about your stories.&lt;p&gt;The smart move is to pay what you owe, and if you don’t like it, structure your affairs for the future to minimize taxes. But it’s very risky to lie about your past.&lt;p&gt;Additionally, tech industry workers have not exactly been worshipped by the press as of late. Expect a lot of backlash if you, an already highly paid knowledge worker, cheated to pay what taxes you dutifully owed. The press would not be kind to you, and they would not be in the wrong.</text></item></parent_chain><comment><author>amorphid</author><text>To me, having to cut a big check to the IRS is the ultimate first world problem. I&amp;#x27;d love to owe the IRS a million bucks because I made way more than that :)</text></comment>
<story><title>IRS Notification</title><url>https://support.coinbase.com/customer/portal/articles/2924446</url></story><parent_chain><item><author>seibelj</author><text>I highly recommend that you do not commit tax fraud. Pay your taxes - not only the right thing to do, but because of the lack of anonymity provided by every blockchain save a few, it is trivial to track your trades.&lt;p&gt;You don’t want to go from mild-mannered software engineer to tax criminal, do you? Think about it hard. Government lawyers and regulators are indeed incentivized by metrics - the max number of pleas and convictions. They don’t care about your stories.&lt;p&gt;The smart move is to pay what you owe, and if you don’t like it, structure your affairs for the future to minimize taxes. But it’s very risky to lie about your past.&lt;p&gt;Additionally, tech industry workers have not exactly been worshipped by the press as of late. Expect a lot of backlash if you, an already highly paid knowledge worker, cheated to pay what taxes you dutifully owed. The press would not be kind to you, and they would not be in the wrong.</text></item></parent_chain><comment><author>wefawefsdf</author><text>On the other side of the coin, I&amp;#x27;m actually going to offset some huge gains on my stocks by filing a loss for a few cryptos during the crash :D</text></comment>