How do you cash out your earnings and avoid taxes?

[SmallWoody]

Slowly deposit into your account each month less than 5k I assume. I would do like 4,999 and I'm sure they won't say anything since it's once a month

 

[Senorman]

I'm curious on this. Say with bitcoin, litecoin, ethereum etc you make thousands, or a hundred thousand. How do you access that money in the real world without paying taxes?

Hypothetical situation. You bought btc years ago, you now have 80k worth. I don't see you transferring that into your bank account and having no one be like uhhh what's going on here?

Others have mentioned depositing small amounts into your bank account over time in order to fly under the radar. If your earnings are through a w2, then this route may be worth the risk. If you’re an independent contractor (1099 income) you are far more likely to get audited by the IRS. If this happens, then they’ll request copies of all of your bank statements (among other things). You’ll get busted for sure and pay significant fines and penalties.

 

[jJjburton]

Where can you get cash or credit card money from bitcoins? any atm with a bitcoin card? you dont need to sell to people anymore>