DCP on Nostr: Anyone following this thread: Please note that CPA seth refers (completely and quite ...
Anyone following this thread:
Please note that CPA seth (nprofile…4wzj) refers (completely and quite properly) to his clients as "Taxpayers:"
Americans who are NOT employed by the government--in most instances--are "NonTaxpayers," until and unless they ***VOLUNTEER*** to BECOME a "Taxpayer" by filling out and signing a "confession" (typically IRS paperwork such as one of the perversions of the 1040 form).
Please note that CPA seth (nprofile…4wzj) refers (completely and quite properly) to his clients as "Taxpayers:"
quoting nevent1q…mnr9As we round the corner on the April 15th tax deadline, I wanted to take a moment to share some trends I’m seeing among our clients:
• Taxpayers opting to put their IRS balances due April 15th on a payment plan (currently ~7% interest) to free up cash for buying more Bitcoin
• Taxpayers selling their rental properties and businesses to acquire more Bitcoin
• Taxpayers liquidating their precious metals and other collectibles to acquire more Bitcoin
• Taxpayers making charitable contributions to Donor-Advised Funds to avoid capital gains and receive larger itemized deductions
• Taxpayers with substantial 1099 income forming S-Corporations, paying themselves a W-2 wage (with payroll taxes lower than self-employment taxes), and contributing to self-directed IRAs and Solo 401(k)s to acquire more Bitcoin
• Taxpayers harvesting capital gains or losses, taking advantage of the fact that Bitcoin is not subject to wash sale rules
Americans who are NOT employed by the government--in most instances--are "NonTaxpayers," until and unless they ***VOLUNTEER*** to BECOME a "Taxpayer" by filling out and signing a "confession" (typically IRS paperwork such as one of the perversions of the 1040 form).