I was literally googling how to not pay taxes last night 🤣

Have you had any personal success with beating the IRS?

Have to admit, as much as I don't agree with taxes, I'm not sure I'm even there yet ethically (not paying them), let alone risking getting thrown in a cage over it.

I'll read this and your stuff below too.

IRS is a joke. Consider doing more research into NOT paying any taxes.
For example: https://www.losthorizons.com/BulletinBoard.htm

DarthCoin

Tax time is coming up pretty quickly so I look forward to an update as to how they handle it. 

Aardvark

Setting your default balance to bitcoin means that when a bill is charged, Strike will automatically sell the necessary amount of bitcoin to pay your bill, creating a taxable event. However, setting your default to cash and paying bills from your cash balance does not trigger a taxable event. Come tax season, Strike will issue your annual tax document, summarizing all your bitcoin sales for bill payments so taxes are hassle-free.

Here's their rap on taxes. It is basically, "hey trust us, we'll send you some docs." I'm sure some more detailed info will show up at some point, but I'm ready to jump in to be a part of forcing the IRS's hand to make things easier.

bitcoin

I just paid my car note in bitcoin!

jasonb

>Taxes simplified
Setting your default balance to bitcoin means that when a bill is charged, Strike will automatically sell the necessary amount of bitcoin to pay your bill, creating a taxable event. However, setting your default to cash and paying bills from your cash balance does not trigger a taxable event. Come tax season, Strike will issue your annual tax document, summarizing all your bitcoin sales for bill payments so taxes are hassle-free.

Here's their rap on taxes. It is basically, "hey trust us, we'll send you some docs." I'm sure some more detailed info will show up at some point, but I'm ready to jump in to be a part of forcing the IRS's hand to make things easier.