Bitcoin and Taxes, why tf would you care. Right? It is the elefant in the room. Not a sexy nor popular subject among hodlers.
But nevertheless we cannot avoid talking about it. Imo you must have a strategy to approach this.
Look, I personally think tax is pure theft and I obviously don’t own any bitcoin, but that said…
One of the most likely state attacks on your KYC stack are personal arbitrary Tax audits.
We can kick and scream all we want, but tax compliance and enforcement actions will only increase in the future.
Because these statist do not want you to escape out of their tax base.
One can argue only Non KYC stacks are real bitcoin. But this note is not about that.
Or you can just say go fuck yourself Ralphie. I don’t care, just raising some awareness for those who have a kyc stack, which is the majority of holders.
That said: I would advise you to at least ask some specialized tax firm around if they want to represent you in case you get audited in the future, so you already have a sort of relationship before that situation actually unfolds.
This can prevent you from a lot of unnecessary fear and doubt in the future.