But I've NEVER in my twenty-something years filed a tax return. tl;dr my life, worked casually + studied + travelled basically nonstop for the last number of years.
Could this possibly work in my favour if I'm not planning on filing a tax return in 2021 and keep my crypto gains completely off the books? ATO has never heard from me in their lives.. why would they suspect something now?
OK Biz, I might be a fortunate retard (AUS)
Jose Bell
Michael Miller
So you don't have TFN? At some point you'll have to file tax. And when you do you'll have that backlog of blank years. Also last year everyone who bought crypto got a email saying you need to pay tax. I got the letter but didn't pay. I'm starting a rap career and need some street cred.
Jason Diaz
How much you profit mate? How are you calculating it?
If it went through a bank in or out you’re always at risk.
It’s harder for them to track trades outside of kyc exchanges. Cash in/out is your biggest issue.
Daniel Ortiz
How did they know you bought crypto.
They track money to coinbase or an Aussie exchange?
Jayden Evans
Not a bad idea. You will be able to call yourself MC Buttfucked in the Ass.
Lincoln Gutierrez
I hope you have a VPN. The Australian authorities have bots that analyze threads on this website and log the Australian IP addresses related to posts containing keywords such as "tax", "off the books", "ATO", "crypto gains"
Tyler Hill
and also “niggers”
Nolan Perry
The Reserve Bank of Australia are moving ahead with digital australian dollars. If you think you can get away with not paying tax, you're missing the point of cryptocurrency completely.
Oliver Long
you would have a backlog of tax returns to do on your ato account surely
Robert Jones
ive got that email twice now, the second one was more threatening. pretty sure ive cashed out close to fuck all though, im hoping LRoS and coinspot keep records