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Peasants with LLCs... Sure. And using crypto as an example only strengthens the argument that what you're doing is a tax dodge.
by whoopdedo 5y ago
Peasants with LLCs... Sure. And using crypto as an example only strengthens the argument that what you're doing is a tax dodge.
- idiotsecant 5y agoHow so? I still have to report value of the account to the IRS by law, which is enforced by the trustee. If I get audited it's stunningly easy for the IRS to trace from dollars in IRA to crypto bought and sold, including profits taken. I think you're overestimating your understanding of the whole process.