Re: What is the best way to convert mined ethereum to usd?
2018/01/31 16:48:36
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The only reason I did not "pay" taxes in 2015 and before was that I ended up under the "don't have to file" threshold.
The reason I did not "pay" taxes in 2016 was a combination of moving expences (I moved most of the way across the country in June/July 2015) and startup/growth costs of my business put my taxable income JUST under the "don't have to file" threshold again.
2017 I anticipate having to pay taxes, but am not sure with the major overhaul to the tax code that kicked the standard deduction WAY the heck up - it looks like it may be close, between the expenses of my business in growing and the deduction more or less doubling.
I did DO my taxes and made out returns every one of those years, and have kept the records if the IRS decides to audit me for any reason - they've tried to hit me for taxes before on 4 seperate years where I was under the "don't have to file" threshold in the past, I trust them about as far as I can throw the Earth.
Now that vorsholk has stopped his abuse, I'm returning to folding.
I no longer MOO due to abuses by certain "whales" in the Gridcoin community - so I now work the Distributed.net project directly again.