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by paulsutter 4224 days ago
The IRS will go after him for capital gains tax after the sale. The document makes no mention of a provision for him to pay his taxes due from the proceeds of the sale.
1 comments
leogiertz 4224 days ago
Wouldn't that be good though? Then he's free to buy property and other things with his "laundered" money if he's cleared from any wrongdoing.

It's not that easy to convert a large amount of bitcoins into money that you can use effectively.

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bengali3 4224 days ago
IANACPA I believe that's a nice advantage of bitcoin? I would think individuals could fly to the caymans to cash out and avoid tax?
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