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I never understand why people bring up accountants or taxes when talking about cryptocurrencies. Seriously, you negotiate with your employer an hourly rate, you
by knocte 8y ago
I never understand why people bring up accountants or taxes when talking about cryptocurrencies. Seriously, you negotiate with your employer an hourly rate, you get paid that hourly rate and is what you should report.
The way you receive your salary at the end of the day (bank transfer or crypto) is completely decoupled from this. In the same way you don't need to tell the taxman what bank did you use to receive your wage, you don't need to tell what cryptocurrency you used (if you don't convert instantly to fiat when receiving it, that will mean you will have more taxable events later, but this is another subject).
- apazzolini 8y agoHow is converting it to fiat a different subject when most people need to be paid in something that can then be used for rent/food/literally everything else? This entire thread is insane. The second a job tries to pay me in crypto is the second I'm looking for another job.
- phonebanshee 8y agoDepends on the amount of money involved, doesn't it? I don't care how you pay me, as long as the amounts involved make it worth my time.
- Franciscouzo 8y agoIt's not that much different than receiving foreign money, I get paid in dollars, but I use the local money in everyday life.
- _eht 8y agoAll you’ve done is make it clear that you have never run a business.
- sl1ck731 8y agoThis is equivalent to saying you don't have to tell the IRS you paid someone in USD or gum.