Cryptocurrency Taxes Secrets They Don’t Want You to Know

Cryptocurrency Taxes – Secrets They Don’t Want You to Know

This article will dive into some cryptocurency taxes secrets that are not readily available or easy to find – some of them may be downright impossible to find.

“Nothing is certain except Death and Taxes” – Benjamin Franklin 1789

Well, that’s what Ben said way back then. But we DO have some legal ways around it today. In this post I will dive deep into the overview of what you probably need to understand in this NEW world of Crypto and Cryptocurrency taxes.

**I AM NOT A FINANCIAL OR LEGAL ADVISOR AND I AM NOT QUALIFIED TO OFFER ANY KIND OF ADVICE IN THE AREA OF TAXES! This Post is for the purpose of EDUCATING YOU about the terms and ideas that govern the world of cryptocurrency tax secrets in the arena of crypto currency, currency and several other legal terms that I will discuss in the attached video. Also note that anything I refer to here is based in the US and you would need to consult an expert in your region for more localized expertise.

Cryptocurrency taxes is a new arena, and it can actually feel as if the rules around cryptocurrency taxes are a secret. There are precious few established rules surrounding them on how we can deal with taxes in relation to cryptocurrency. Yes the IRS has now put a category for us to answer on our tax forms, where they just ask us to pay cryptocurrency taxes, without revealing their secret tax codes. But I would suggest that this is only for the UNINFORMED who are willing to pay top dollar in crypto taxes on any gains they have made in the cryptocurrency space. This is definitely NOT necessary for those who understand the secrets surrounding cryptocurrency and taxes.

TWO major points to be aware of when thinking about Cryptocurrency Taxes – these are not secrets but still not readily known by the public:

1. Most of the rules regarding cryptocurrency taxes have not yet been established and the SEC lawsuit cases regarding XRP and Ripple labs prove that the Government does not want to tell us what to do, in this way they have the flexibility to say or do anything, and go after us in any way they want to. This will end, but we do not know when. We can also assume that the Government plan is to extract cryptocurrency taxes by secretly tagging, tracing, tracking and taxing EVERY transaction that they have control over in the digital system. This is going to be done through CBDC coins. But also can be done through Stable Coins, for this reason we need to be very careful about transactions made with any stable coin or CBDC (Central Bank Digital Currency) which for our discussion here could be looked at as the SAME THING. In other words, we can expect to pay taxes on every transaction made with a CBDC and with any Stable Coin.
   
2. Our entire money system is based on confusing fraud. Yes, I said BASED on fraud. This is provable in a court of law – through the information I outline in the attached video. We are given confusing information about money, currencies and lawful tender on purpose. In this way we just turn over our hard earned gains without questioning it. All of this is even MORE confusing in the world of cryptocurrency taxes. If we actually understood what was going on then we could challenge the legality of the IRS – which is also based on fraud. I will explain what I mean by this as we continue and also hopefully give you a basis to understand (innerstand, overstand) these facts on your own.

So what are we to do? We are in the middle of a system that has no real rules and where the concepts of ‘money’, ‘currency’ and ‘lawful tender’ as well as ‘crytopocurrency’ are purposely obscured and fraudulent. Here’s what I believe we need to do: Educate ourselves! In this way we can have at least the basis of an understanding of what the actual legal rules say regarding taxes and payments on these categories – especially cryptocurrency. Because yes, there ARE legal definitions and this is literally the ONLY thing that will stand up in a court of law. And these legalities are the only way I know how to answer any questions about crypto taxes. Also, be aware that these laws are changing and being established all the time. What I have here is based on existing law, resolutions and established legal definitions.

I will also outline a couple of strategies that I know work (as of this writing) and at the end of this article I will send you to several member interviews I’ve done about how we set ourselves up for success in the US through establishing an LLC for ourselves. You can do something similar in other countries, and I recommend you watch ALL of these interviews first and then go to him to set that up for yourself. You will save yourself a lot of money by watching these videos FIRST. It is extremely difficult to find anyone in the world of crypto with a real understanding of how the unformed field of cryptocurrency taxes and it’s secrets really works. This is why I really, really, really recommend you pay attention to everything I lay out here and have a good understanding (innerstanding, overstanding) of what is actually going on. If you do NOT fully comprehend this yourself you are likely to get ripped off by someone, somewhere along the line.

SO, to start with here is the video that I posted on YouTube with an overview of what are money, currency, cryptocurrency and legal tender. This is the basis for understanding any regulations regarding taxes because we must know WHAT we are being taxed ON regarding our cryptocurrrencies and in what form this tax should or even could be paid. (Yes I know this information is kind of boring, but it is SO important!)

LEGAL DEFINITIONS of what are money, currency, cryptocurrency and legal tender for the purpose of understanding cryptocurrency taxes secrets:

Ok, above you just learned what the LAW considers these things to be regarding types of money. Based on this you should now have a basis to recognize how what I am about to say next makes sense: NOTHING, no debt, no taxes, no bill, absolutely nothing can be paid except in the Legal Tender of the country – in the US this is Gold or Silver minted US coins or Silver backs or gold backs (demand notes). This is one of the huge Cryptocurrency Taxes Secrets that you won’t find anywhere else. In other words, you cannot really pay taxes with FRN’s. But we do, and we are expected to because of House Joint Resolution 192 which declared the paying of all of these things in US minted Gold, Silver or demand notes as being ‘Against public policy.’ These two ideas are conflicting, and this is why I say that you cannot actually pay the IRS. This is also why I say that the whole system is based on fraud. How can we function within these two conflicting ideas?

To answer that would mean diving deep into the ideas of being ‘sovereign’ the straw man and all kind of deep rabbit hole information that is extremely hard to understand. However, just because it is hard to understand does not mean we should not understand it. In fact, I believe that EVERYONE should understand it so you can put it work for you.

For the most basic of these ideas you should know that in the eyes of the Government there are THREE versions of you: your spiritual self (written your firstname, middle name and last name), your Legal Fiction, as written on your Birth Certificate (First Name, Middle Name, Last Name) and your Corporate self, written as any corporation in all Caps (FIRST NAME, MIDDLE NAME, LAST NAME). Your spiritual self is your most powerful version, but we are never told that. This is why the ritual work I have pointed to in Telegram is so very powerful. Spiritual court is above any human court or laws. However, we must take some kinds of actions here.

To fully grasp all of these ideas you would want to read these books:

The Title is Unimportant

Meet Your Strawman

When we are dealing with all of this conflicting and confusing layered information we need to just go back to the law, because that is what this system runs on.

Speaking of the LAW we need to also be aware of Tax Rule 1099 DA which now basically means that every transaction you have made in the crypto space is going to be reported to the IRS. This means ANYWHERE you did KYC you will be reported. However, the information I have for you gives us some legal ways around this. Here’s a decent video on the Tax Rule 1099 DA:
https://youtu.be/vgUuILVYn5c?si=JygxLqk_ZO9Y3dhz

SO, now that I have laid out these basics that you can dive into at your leisure, here’s what I have gathered based on my conversations with John Singleton and other actual legal rulings that have taken place:

*Bitcoin and Etherium have been legally ruled as currencies – which means that they can be used to buy and sell things without getting taxed for using them. HOWEVER, what I see is that these are intended to by used in a systemic way and will be used between countries and banking institutions. This will make them extremely valuable and this also means we won’t really want to use them to buy a cup of coffee, etc. This use of BTC and ETH would be ridiculous anyway because of the high fees and slow transaction times (which I believe has been done on purpose so that normal people will NOT use them as currency). A better use of these assets is going to be as colateral in some form that will pay us dividends – such as staking a node with ETH or lending your BTC out to earn interest on it.

*Pretty much every other cryptocurrency lives in the grey area of UNDETERMINED status. In other words, at any time, at any moment the Government can decide that any currency (except XRP) can be determined to be a SECURITY. If it is a security then it will be governed by the SEC and all kinds of new laws will control it, AND you won’t be allowed to invest in it if you are not an accredited investor.* The exception is XRP which was legally determined as NOT a security but they have still not completed the settlement of the lawsuit – thereby dragging out the uncertainty around the world of Crypto. I believe this is being done on purpose.

*Cryptocurrency has also been determined as PROPERTY (this is discussed by John Singleton in one of our conversations). This is why he sets up our LLC’s the way he does. Because (according to him) US tax law allows us to switch between categories of property without creating a tax event for ourselves. A tax event is something where we can be taxed. In other words, we can switch between these categories of ‘property’ without paying any taxes on that transaction: 1) Cryptocurrency, 2) Land/houses/buildings, 3) Precious Metals. In other words we can use any of these to buy any other one of these without paying taxes.

*accredited investor: Someone who has a proven high net worth – $1Million last I looked – and can meet certain high income thresholds.

STRATEGIES that might be helpful

*Holding all of your crypto currency inside of an LLC that is set up properly to trade between these categories of ‘PROPERTY’ will save you from personal liability.

*In this way we can buy and sell land, homes, etc. without tax liability. This can become complex, so I cannot dive into it here.

*Never, ever, ever buy things with Stable Coins

*Taking PROFITS and removing cash without paying Cryptocurrency Taxes Secrets – Taking cash in the form of US Dollars (FRN’s) from out of crypto is best done in the form of a LOAN. I like NEXO for this, but I have used SALT and they have been ok. The rules around loans are different and taking a loan means you don’t pay taxes. You WILL however pay interest on your loan and this interest is pretty high. However according to tax law, interest is tax deductible. You will want to consult a tax professional regarding this, and I would suggest that being in the position where you have any decent crypto gains will mean you MUST have a VERY GOOD accountant hired to help you. WEALTH retained requires MANAGING that wealth. **Be VERY careful when taking out a crypto loan because if you time it wrong you will lose your crypto due to market crashes. This is the risk you run when taking a loan. PLEASE be aware and carefu of this. In my opinion the only time to take a loan on crypto is during or at the tail end of crypto winter and BEFORE a market run up because this gives you years to pay back that loan while the collateral is going UP in value. In this way you minimize your risk (you CANNOT completely eliminate the risk with any crypto loan situation). Be aware of the risks.

*Appreciation taxes Cryptocurrency Taxes Secrets – were suggested during the Biden administration, where they wanted to take taxes on your appreciation of the asset (regardless of the asset; crypto, house, whatever). They wanted these taxes even if you NEVER TOOK PROFITS. To me this is ridiculous and insane and I plan on ignoring any words to this effect, but I am NOT giving you advice. One of my discussions with John Singleton goes into another similar idea where LLC’s were being fined huge amounts of money daily. John gives a similar conclusion. So, as a strategy going forward it is good to know that the Government will put out ideas of how they want to take your money that have ZERO CREDIBILITY or legal standing and could easily be challenged. I personally ignore these.

Again, I am not giving you advice, just hopefully helping you to take the fear out of the big bad boogieman called the government. They are mostly just a giant shadow that tries to scare us into giving away our power, money and life force. I refuse to do so.

MORE INFO: John Singleton Videos

Tax Structure

Amerian National (Not the same as what is in the Books I linked above)

LLC Fines?

VAXX FACTS

Windfall Profit Strategy (according to John)

I am doing another interview with John this week so there is MORE information coming your way very soon…

EVEN MORE INFO IS COMING REGARDING HOW TO FIGHT AND CLEAN YOUR CREDIT REPORT. We all know that if we want to use this financial system then we must use the credit system, which means having a good FICO score. But if the whole thing is fraudulent doesn’t that mean we have a basis for fighting it? Yes, yes it does.