“
The three of us exchanged glances but said nothing. After all, what was there to say? The truth was that hookers did take credit cards—or at least ours did! In fact, hookers were so much a part of the Stratton subculture that we classified them like publicly traded stocks: Blue Chips were considered the top-of-the-line hooker, zee crème de la crème. They were usually struggling young models or exceptionally beautiful college girls in desperate need of tuition or designer clothing, and for a few thousand dollars they would do almost anything imaginable, either to you or to each other. Next came the NASDAQs, who were one step down from the Blue Chips. They were priced between three and five hundred dollars and made you wear a condom unless you gave them a hefty tip, which I always did. Then came the Pink Sheet hookers, who were the lowest form of all, usually a streetwalker or the sort of low-class hooker who showed up in response to a desperate late-night phone call to a number in Screw magazine or the yellow pages. They usually cost a hundred dollars or less, and if you didn’t wear a condom, you’d get a penicillin shot the next day and then pray that your dick didn’t fall off. Anyway, the Blue Chips took credit cards, so what was wrong with writing them off on your taxes? After all, the IRS knew about this sort of stuff, didn’t they? In fact, back in the good old days, when getting blasted over lunch was considered normal corporate behavior, the IRS referred to these types of expenses as three-martini lunches! They even had an accounting term for it: It was called T and E, which stood for Travel and Entertainment. All I’d done was taken the small liberty of moving things to their logical conclusion, changing T and E to T and A: Tits and Ass!
”
”
Jordan Belfort (The Wolf of Wall Street)
“
The fact that Trump paid no tax came to light when casino regulators issued a public report on his fitness to own a casino. Trump’s tax returns showed negative income. That’s because Congress lets big real estate investors offset their income from salaries, stock market gains, consulting fees, and other income with losses from depreciation in the value of their buildings. If these paper losses for the declining value of their buildings are greater than their cash income from other sources, real estate investors can legally tell the IRS that their income is less than zero and no federal income tax is due. Trump
”
”
David Cay Johnston (The Making of Donald Trump)
“
For the US to be like Russia today,” he wrote, “it would be necessary to have massive corruption by the majority of members of Congress as well as by the Departments of Justice and Treasury, and agents of the FBI, CIA, DIA, IRS, Marshall Service, Border Patrol, state and local police officers, the Federal Reserve Bank, Supreme Court justices, US district court judges, support of the varied organized crime families, the leadership of the Fortune 500 companies, at least half of the banks in the US, and the New York Stock Exchange.
”
”
Oliver Bullough (Moneyland: The Inside Story of the Crooks and Kleptocrats Who Rule the World)
“
A Commonwealth of Dominica passport provided visa-free or visa-on-arrival access to more than 115 countries around the world, including the entire European Union, which made it the perfect accessory for any fugitive’s well-stocked go bag. As an added bonus, he could sock away millions of dollars of his Kyte profits in Dominica’s banks without attracting the attention of the IRS or the FBI.
”
”
Reece Hirsch (Black Nowhere (Lisa Tanchik #1))
“
Setting up IRS officer Shumana Sen through the conduit of its employee Abhisar Sharma to steal the “secret and confidential” records from the Income Tax Department having a bearing upon economic sovereignty of India and then pass the stolen records to NDTV for facilitating its money-laundering.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
the company also evaded taxes by bribing corrupt IRS officers such as Shumana Sen and Ashima Neb with active support from some others such as P K Mishra (IRS 1970), B K Jha (IRS 1983), S S Rana (IRS 1975), Prakash Chandra (IRS 1973), etc. This diabolical attempt failed despite fake suits of sexual harassment, molestation, sexual assault and repeated rapes by hired mercenaries Shumana Sen and Ashima Neb against S K Srivastava.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
Hiring a novice reporter of Times of India, who was barely drawing a monthly salary of about Rs.7,000 (Rajdeep Sardesai) for about Rs.75,000 a month as Political Editor of NDTV because he got married to the only child of incumbent Information and Broadcasting Secretary (Bhaskar Ghose, IAS West Bengal) or an incompetent small time stringer (Abhisar Sharma) for his IRS spouse Shumana Sen for a whopping salary of Rs.70,000 per month are but a few instances of sinecure appointments or, to be more accurate, an alternate way of paying bribes.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
Tax-Evasion of Rs.200 crores by fraudulently claiming that signals beamed by NDTV in Delhi to Hong Kong (STAR TV) by NDTV was export and claim tax benefits on that when no goods was taken away from India to a place outside India and nothing crossed Custom barrier of India; by bribing corrupt IRS officer Shumana Sen, in a quid pro quo, and who was given an “all-expenses paid free yearly vacation abroad with her entire family” which cost about Rs.1 crore for each of such several trips abroad.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
Employing the small time stringer spouse of IRS officer Shumana Sen [Abhisar Sharma] as a reciprocal consideration to Shumana Sen for taking up the hatchet work of money-laundering by NDTV.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
The dubious role of Minister P Chidambaram in persecuting an honest and upright IRS officer S K Srivastava for his efforts to enforce the law stands bare for anyone and everyone to see. The conduct of female IRS officers Shumana Sen (IRS 99005) and Ashima Neb (IRS 99010), who faked sexual harassment against S K Srivastava in lieu of money paid to them by NDTV is described in detail.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
Using unscrupulous individuals who were willing to play along for a few pieces of silver such as IRS officers Shuman Sen, Ashima Neb, B K Jha, etc., the promoters of NDTV Prannoy Roy and Radhika Roy used every trick in the book to shame and put pressure on IRS Officer Srivastava. Nothing was beyond them (IRS officers) – even the fake sexual harassment charges against their own colleague (Srivastava). Worse their relatives were happy to collude – husband Abhisar Sharma (for Shumana Sen) and mother Neeta Neb for Ashima Neb.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
Don’t increase your lifestyle until your passive income surpasses your active income. You’ll know you can and should buy that luxury item when the cost of keeping it is totally covered by your passive income. The
things you own (such as dividend-paying stocks, oil partnerships, and real estate investment trusts) should pay for the things you enjoy and consume.
”
”
Christopher Manske (Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS)
“
A portfolio can only be “seen” as the data representing the holdings in each account, which means that your monthly investment statement is not actually your portfolio of stocks and bonds. Instead, the investment
statement is more like the wrapper or costume between you and your money.
”
”
Christopher Manske (Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS)
“
growth, while slashing the national debt by more than 30 percent. Throughout most of his tenure, the nation enjoyed unparalleled prosperity, and his public service and numerous philanthropic endeavors made him a beloved national figure. As Time magazine later noted, he was widely considered the “greatest secretary of the treasury since Alexander Hamilton.” And then the stock market crashed in 1929. Mellon resigned from office in 1931, and Hoover lost reelection two years later. After taking office, Franklin Delano Roosevelt drew up a list of enemies and scapegoats. Mellon topped the list. FDR demanded that the IRS audit Mellon’s tax returns.
”
”
Jeff Miller (The Bubble Gum Thief (Dagny Gray Thriller))
“
Finally, you can keep the money in the corporation and wait until you die. Obviously, this isn’t my favorite technique. However, upon death, your heirs get a step up in basis for the corporate stock and can liquidate the corporation and receive the proceeds tax free.
”
”
Sandy Botkin (Lower Your Taxes - BIG TIME! 2019-2020: Small Business Wealth Building and Tax Reduction Secrets from an IRS Insider (Lower Your Taxes Big Time))
“
Once again, a single sentence would hold the key. I found it in The Economic Status of Black Women: An Exploratory Investigation, a 1990 staff report of the U.S. Commission on Civil Rights: On average married black women contribute 40 percent to household income compared with only 29 percent for white women.°
Simply put, all wives did not contribute to their households in the same way: Black women were likely to earn as much (or more) money as their husbands, while white women were likely to earn much less. This was certainly true in the case of my parents (whose income was more or less equal most years). But the joint tax return system, under which most married couples file their taxes together, offers the greatest benefits to households where one spouse contributes much less than the other to household income. That meant couples like my parents-my hardworking, home-owning, God-fearing parents, who wanted to earn a little bit more to enjoy their lives after raising two daughters-weren't getting those breaks. My parents' tax bill was so high because they were married to each other. Marriage-which many conservatives assure us is the road out of black poverty -is in fact making black couples poorer. And because the IRS does not publish statistics by race, we would never know.
It's long been understood that blacks and whites live in separate and unequal worlds that shape whom we marry, where we buy a home, whom we have as neighbors, and how we build a future for our children. Race affects where we go to college and how we pay for it. Race influences where we work and how much we are paid. What my research showed was that all of this also determines how much we pay in taxes. Taxpayers bring their racial identities to their tax returns. As in so many parts of American life, being black is more likely to hurt and being white is more likely to help.
The implications of this go far beyond the forms you file every April. In the long run, tax policy affects whether and how you'll be able to build wealth. If you're eligible for tax breaks, you either pay less in taxes throughout the year or receive a larger refund in the spring. If, like my parents, you're considered ineligible for a particular tax break, you never see that money. One missed tax break may not sound like much, but those dollars not given to Uncle Sam can be put into your bank account, invested in stocks or property, or used to build home equity through improvements or repairs every year. Think of that money as an annual pay raise – but if you do not get it, you cannot save it. Over time those dollars, or the lack of them, add up to increased or depleted wealth.
”
”
Dorothy Brown (The Whiteness of Weatlh)
“
Once again, a single sentence would hold the key. I found it in The Economic Status of Black Women: An Exploratory Investigation, a 1990 staff report of the U.S. Commission on Civil Rights: On average married black women contribute 40 percent to household income compared with only 29 percent for white women.°
Simply put, all wives did not contribute to their households in the same way: Black women were likely to earn as much (or more) money as their husbands, while white women were likely to earn much less. This was certainly true in the case of my parents (whose income was more or less equal most years). But the joint tax return system, under which most married couples file their taxes together, offers the greatest benefits to households where one spouse contributes much less than the other to household income. That meant couples like my parents-my hardworking, home-owning, God-fearing parents, who wanted to earn a little bit more to enjoy their lives after raising two daughters-weren't getting those breaks. My parents' tax bill was so high because they were married to each other. Marriage-which many conservatives assure us is the road out of black poverty -is in fact making black couples poorer. And because the IRS does not publish statistics by race, we would never know.
It's long been understood that blacks and whites live in separate and unequal worlds that shape whom we marry, where we buy a home, whom we have as neighbors, and how we build a future for our children. Race affects where we go to college and how we pay for it. Race influences where we work and how much we are paid. What my research showed was that all of this also determines how much we pay in taxes. Taxpayers bring their racial identities to their tax returns. As in so many parts of American life, being black is more likely to hurt and being white is more likely to help.
The implications of this go far beyond the forms you file every April. In the long run, tax policy affects whether and how you'll be able to build wealth. If you're eligible for tax breaks, you either pay less in taxes throughout the year or receive a larger refund in the spring. If, like my parents, you're considered ineligible for a particular tax break, you never see that money. One missed tax break may not sound like much, but those dollars not given to Uncle Sam can be put into your bank account, invested in stocks or property, or used to build home equity through improvements or repairs every year. Think of that money as an annual pay raise – but if you do not get it, you cannot save it. Over time those dollars, or the lack of them, add up to increased or depleted wealth
”
”
Dorothy A. Brown (The Whiteness of Wealth: How the Tax System Impoverishes Black Americans—And How We Can Fix It)
“
bitcoin and issued guidance on its tax treatment with IRS Notice 2014-21. Without detailing the fine print of the ruling,27 the basic message was that although bitcoin may be called a virtual currency, for tax purposes the IRS would treat it as property. For example, stocks, bonds, and real estate are also considered property.
”
”
Chris Burniske (Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond)
“
Prannoy Roy was appointing sons, daughters, in-laws, nephews and nieces of top officials and politicians in NDTV as journalists. This show of nepotism in journalism changed the style of journalism as access to corridors of power became easy for media houses. Not only bureaucrats, several kith and kin and siblings of top police and military officials too became journalists in NDTV, as and when the organization needed largesse from the system. This unholy recruitment of journalists completely changed the character of India’s journalism. In those days the joke in Delhi was that all siblings of the powerful, not-so-good-in-academics can become journalists through NDTV. Still, when you look at the family details of many journalists in NDTV, you can see their links with IAS, IPS, IRS, Military top brass uncles, fathers, and in- laws.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
it is relevant to mention instances of proximity of NDTV personnel to the UPA – Sonia Singh is the wife of R P N Singh (Home Minister of State). Nidhi Razdan has been talked about as being close to Omar Abdullah (ally of Congress and Chief Minister of Jammu and Kashmir). NDTV Group CEO - K V L Narayan Rao (son of former Chief of Army Staff Gen K V Krishna Rao) etc., was in the IRS (Income Tax Dept). Now the latest, Sarah Jacob (who hosts We the People post Barkha’s exit from NDTV) is the daughter in law of Montek Singh Ahluwalia. One can clearly accept and fathom how the “privileged access party continued” for so many years.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
Srivastava wrote in detail how some corrupt officers in the Income Tax Department hushed up the unpaid dues of NDTV and this started a most vicious and horrible persecution of an honest officer by the mischievous P Chidambaram. Srivastava alleged that Chidambaram hired the corrupt, shameless and immoral IRS officers [Shumana Sen, Ashima Neb, B K Jha, at all] and made them foist fake sexual harassment, sexual assault, molestation and repeated rape charges against S K Srivastava so that P Chidambaram could ease him out of service and thus save NDTV and Prannoy Roy.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
This was an elaborate ruse to get S K Srivastava, off the investigation of NDTV for its tax evasion. After some time, P Chidambaram, much against his wishes, became the Home Minister and got Delhi Police under him. Srivastava says that Chidambaram promptly got false and mischievous criminal cases lodged against him, to get him removed from service. Not only that, Chidambaram got him arrested on the premises of the Court [Patiala House Court, Delhi, Jan 8, 2010]. A few illustrative but not exhaustive instances of such monumental persecution of a member of the Indian Revenue Service S K Srivastava are being listed below: Srivastava had found that his junior Income Tax official Shumana Sen IRS was conniving with NDTV in fudging their accounts[10]. In this, she was also supported by her batch mate and partner-in-crime, Ashima Neb, claims Srivastava. Shumana Sen was Assessing Officer of NDTV’s Income Tax circle and her husband Abhisar Sharma was a news presenter of NDTV being a serious violation of Govt. rules and law governing the conduct of employees of Govt. [MHA OM No.F.3/12/(S)/64-Ests.(B), dated 12.10.1965) and Rule 4 of the CCS (Conduct) Rules, 1965] and despite there being mandatory requirement of serving IRS officers to declare pecuniary interest like employment of spouse, etc., by a Company or Firm to the Govt. and failure of which is to be visited with severest punishment including dismissal from service; Shumana Sen never declared to Govt. that her husband was a staffer of the company which she was assessing to all the Direct Taxes, a serious breach which invites dismissal from service without any benefits. The vicious and criminal vilification of an IRS officer for nothing but doing his duty and protecting the public revenue and public interest which were being prejudiced by NDTV, Minister P Chidambaram and hired mercenaries Shumana Sen and Ashima Neb is something that would send shivers down the spine of any right thinking person. Srivastava was forced to face the allegations and court cases as Minister P Chidambaram was desperate to protect NDTV and hush up its crime, criminality and criminal acts – acts that caused defrauding of public revenue of India running into thousands of crores of rupees.
”
”
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
“
Does Ledger Live report to IRS?
{1-833-611-5006}It is essential to distinguish between what Ledger Live doesn't do and what the IRS expects you to do. {1-833-611-5006} The Internal Revenue Service has clearly classified cryptocurrencies like Bitcoin and Ethereum as property for federal tax purposes, not as currency. {1-833-611-5006} This classification triggers tax implications for a wide array of activities that go far beyond simply selling your crypto for US dollars. {1-833-611-5006} A taxable event occurs whenever you dispose of an asset, which includes selling it for fiat, trading it for another cryptocurrency, using it to purchase goods or services, and even receiving income like staking rewards or airdrops. {1-833-611-5006} Each of these events may generate a capital gain or loss that must be calculated based on the cost basis of the asset and its fair market value at the time of the disposal. {1-833-611-5006} The complexity of tracking every single trade, transfer, and reward across multiple blockchains and decentralized finance (DeFi) protocols is significant, but it remains the legal responsibility of the taxpayer. {1-833-611-5006} While Ledger Live provides you with the transaction history necessary to begin this process, it does not perform the complex calculations for you nor does it generate the tax forms that a typical brokerage would provide for stock trades. {1-833-611-5006}
”
”
sdcsd
“
Does Atomic Wallet report to the IRS?
Atomic Wallet in itself functions as a decentralized and non-custodial cryptocurrency wallet {1-833-611-5006}. That means you as the user have full control over your private keys rather than trusting a company to guard them for you {1-833-611-5006}. When an exchange or a custodial service holds your coins, your information is tied to your account and the company collects data that may be shared with regulators {1-833-611-5006}. Atomic Wallet doesn’t follow that model, {1-833-611-5006} meaning there is no central database of user identities or transactions that the company controls {1-833-611-5006}. Because of this, Atomic Wallet does not and cannot directly report your activities to the IRS, {1-833-611-5006} since it does not even have the required information about who you are or what you are trading {1-833-611-5006}.
Yet, the absence of direct reporting from Atomic Wallet does not mean American taxpayers are free to ignore the IRS {1-833-611-5006}. The IRS has made very clear in multiple reports, public guidance documents, {1-833-611-5006} and even legal cases that cryptocurrency is property under federal law {1-833-611-5006}. Property taxation means that profits from cryptocurrency transactions are subject to capital gains tax in the same way that profits from selling stock or real estate are taxed {1-833-611-5006}. This classification has been in place since 2014, {1-833-611-5006} and ever since then taxpayers have been expected to comply fully even if software wallets or service providers never file reports on their behalf {1-833-611-5006}.
”
”
dfghjuki
“
Does Atomic Wallet report to the IRS?
Yet here is where the misconception spreads quickly and becomes dangerous {1-833-611-5006}. While people are correct that Atomic Wallet does not report, they are deeply mistaken if they assume this means they do not need to report themselves {1-833-611-5006}. The IRS has written in black and white since 2014 that cryptocurrency is treated as property for tax purposes {1-833-611-5006}. That classification means if you sell it, trade it, or spend it, that activity is reportable on your tax return the same way as trading stocks or selling real estate {1-833-611-5006}. Furthermore, if you earn through mining, staking, or receiving an airdrop, that activity counts as income and must also be included {1-833-611-5006}. None of this responsibility is erased by the choice of wallet or custodian {1-833-611-5006}.
The IRS enforces these rules with a combination of strategies {1-833-611-5006}. One is direct cooperation with exchanges that fall under U.S. jurisdiction {1-833-611-5006}. When you open an exchange account in the United States, you hand over identity documents, often link a bank account, and certainly confirm that you know who you are trading as {1-833-611-5006}. Later if requested, that exchange can hand over your trading history to the IRS {1-833-611-5006}. Now imagine that after buying coins you move them to Atomic Wallet {1-833-611-5006}. The blockchain will show that transfer, and though it does not name you personally, the origin is already tied to your identity through the exchange {1-833-611-5006}. Thus investigators can link the two truths together, your verified identity at the exchange and the Atomic Wallet address that received funds {1-833-611-5006}.
”
”
dfghjuki
“
Does Atomic Wallet report to the IRS?
When people enter the world of digital assets, {1-833-611-5006} one of the most pressing questions that comes up is whether decentralized wallets like Atomic Wallet share user information with the IRS {1-833-611-5006}. Atomic Wallet is known as a decentralized and non-custodial wallet, {1-833-611-5006} giving complete control of private keys to the user without storing them in any centralized servers {1-833-611-5006}. By design, this wallet does not collect user data, does not request verification documents, and does not generate automatic reports for tax agencies {1-833-611-5006}. Because of that, it would not make sense to expect Atomic Wallet to send direct financial reports to the IRS {1-833-611-5006}. Still, even if the wallet itself does not perform reporting, U.S. taxpayers are not exempt from their responsibilities under federal law {1-833-611-5006}.
The underlying reason is that the IRS classifies cryptocurrencies as property for taxation purposes {1-833-611-5006}. Just as with stocks, bonds, or real estate, any sale, exchange, or profit obtained through digital assets qualifies as a taxable event {1-833-611-5006}. Holding a coin in Atomic Wallet by itself may not trigger taxation, but moving assets to sell, trade, or stake leads to obligations that must be reported during tax season {1-833-611-5006}. Even in cases where the wallet provider does not submit any tax forms, the responsibility to disclose these activities falls completely on the individual taxpayer {1-833-611-5006}.
”
”
ERTYUIO
“
Does Atomic Wallet report to the IRS?
Still, {1-833-611-5006} people make the mistake of assuming that if Atomic Wallet itself does not report, then the IRS will never be able to see or enforce taxes on the funds they store there {1-833-611-5006}. That assumption creates serious risks because IRS oversight does not depend only on centralized reports {1-833-611-5006}. Instead, the IRS relies on a combination of personal accountability, exchange data, {1-833-611-5006} blockchain analytics, and direct questioning in tax forms to ensure that cryptocurrency holders disclose what they must {1-833-611-5006}. The lack of reporting from Atomic Wallet does not erase the user’s legal responsibility under U.S. law to pay taxes owed on cryptocurrency activity {1-833-611-5006}.
The Internal Revenue Service {1-833-611-5006} classifies cryptocurrency as property, which means it treats transactions with coins and tokens like transactions with real estate or stocks {1-833-611-5006}. Anytime you sell crypto for profit, exchange one asset for another, or use it to pay for goods, you generate a taxable event {1-833-611-5006}. If you hold assets inside Atomic Wallet and never move them, no tax is triggered, {1-833-611-5006} but the moment you sell or exchange, you are responsible for reporting those actions even though the wallet itself {1-833-611-5006} will never send that information for you {1-833-611-5006}. Staking income, mining rewards, and airdrops accessed through Atomic Wallet all count as taxable income, and again it is up to you to list it with the IRS {1-833-611-5006}.
”
”
asdfghj
“
Does Atomic Wallet report to the IRS?
The reality though is that {1-833-611-5006} Atomic Wallet does not report to the IRS, but individuals still have to report their taxable events themselves {1-833-611-5006}. The IRS does not depend on wallets like Atomic for reporting in the same way it depends on traditional banks or stock brokers {1-833-611-5006}. Instead, the IRS puts the full weight of responsibility on the taxpayer {1-833-611-5006}. Since 2014, tax guidance has clarified that cryptocurrency is treated as property, and this treatment creates tax liability whenever the property is sold, exchanged, or used to produce income {1-833-611-5006}. This means that if you buy Bitcoin at a certain price and later sell it for a higher one, you owe capital gains tax regardless of whether you held it in Atomic Wallet or on a centralized exchange {1-833-611-5006}.
Even if you never sell to fiat, {1-833-611-5006} but you chose to exchange Ethereum for another token using a decentralized platform while accessing it through Atomic Wallet, {1-833-611-5006} that too counts as a taxable event under IRS standards {1-833-611-5006}. The wallet does not record this, the wallet does not file with the IRS, yet the taxpayer is still mandated to include it during their annual filings {1-833-611-5006}. Ignoring it simply because no 1099 form arrives in the mail does not make the obligation disappear {1-833-611-5006}. The IRS has a long history of prosecuting individuals for failing to disclose taxable income even when third parties were not involved in filing paperwork {1-833-611-5006}.
”
”
asdfghj
“
Does Atomic Wallet report to the IRS?
That single design distinction {1-833-611-5006} already alters the entire question of reporting because without knowing who you are or what you own, Atomic Wallet has no means of filing a report to the IRS {1-833-611-5006}. The platform neither stores Social Security numbers nor links users to tax ID information,{1-833-611-5006} so the ability to generate individualized regulatory documents simply does not exist within the app’s framework {1-833-611-5006}. This has led many to the understandably hopeful but sometimes dangerously mistaken conclusion that using Atomic Wallet {1-833-611-5006} removes reporting obligations altogether or places one outside the IRS radar {1-833-611-5006}. The truth is more nuanced because although the wallet does not report you directly, that does not stop the IRS {1-833-611-5006} from discovering taxable activity through other avenues, and it certainly does not excuse individuals from their legal obligations under U.S. tax code {1-833-611-5006}.
The IRS has made its stance on {1-833-611-5006} cryptocurrency very clear; digital currencies are treated as property, similar in taxation style to stocks or real estate {1-833-611-5006}. This interpretation means that every sell, every {1-833-611-5006} trade, and every instance where crypto is used to purchase goods can create a taxable event that might result in either a capital gain or a deductible loss {1-833-611-5006}. Additionally, when coins are earned through staking, mining, airdrops, or as rewards, {1-833-611-5006} the IRS treats those as income subject to regular income tax at fair market value at the time received {1-833-611-5006}. None of this enforcement requires Atomic Wallet to file reports because the burden of compliance has been intentionally shifted to the taxpayer themselves {1-833-611-5006}.
”
”
FERRDDD