Cryptocurrency Tax Secrets They Don’t Want You to Know – FREE

Cryptocurrency Tax – Secrets They Don’t Want You to Know – Free version

This article will dive into some cryptocurrency 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 and taxes 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 (like on most centralized exchanges) you will be reported. It may be slightly better in the sense that it’s easier to track if you buy your cryptocurrencies through my recommended partner Caleb and Brown who is the oldest and most secure and respected broker in the industry. The added benefit of C&B is that they INSURE all of the assets you keep on their platform. For this reason, I personally do keep a significant percentage on that platform (but not more than 50% ever). The point here is to balance your risk and protect yourself from unexpected issues. This is also why I would NEVER keep all my cryptocurrency in one wallet – no matter who good it is.

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

The grey area days of cryptocurrency are over, now it’s time to know how to protect ourselves in this complex – and some could argue illegal – tax system we live under. The other option is to just deal with taxes. The easiest way to do this is going to be through Caleb&Brown who is the oldest and most respected brokerage company in the world. The reason they will be easier to deal with is because they will put out a form for you that is easy to read and use when you file your taxes or when you give it to your accountant. It can be more complicated if you deal with exchanges as is explained in the video above. C&B also has 100% insurance for any asset you store with them, plus you get a disctount on fees forever if you use my link. Find them HERE: app.calebandbrown.com/signup?referrer=Aura Wright

You can get the full Member version of this article, including advanced strategies, interviews, tools and techniques here: https://aurawright.media/cryptocurrencies-taxes-secrets/