3 ms·
I generally agree with you, but what about this argument: Someone transfers their bitcoins to a paper wallet then meets someone in person for a cash exchange.
by 3pt14159 9y ago
I generally agree with you, but what about this argument:
Someone transfers their bitcoins to a paper wallet then meets someone in person for a cash exchange. When the IRS comes by, other than say, the Lambo in the driveway, how are they to know whether or not to believe the man claiming that the coins were stolen?
- falcolas 9y agoGenerally, the burden of proof would be on the individual, especially if there is a Lambo in the driveway (or more generally, altered spending patterns without obvious sources of income).
- dragonwriter 9y agoTechnically, the burden of proof is in the IRS, but if not it's just a claim that tax is due (and not one of criminal evasion) then it's a low burden of proof and very easy to meet it in the absence of counterevidence, putting the individual in the position of needing to rebut the IRS’s contention.