How to avoid capital gain taxes on your Bitcoin?

Short answer: You can’t, don’t try, don’t do it. You will get yourself in trouble especially those live in the USA and other nations that tracks of your fiat by accessing and monitoring your bank transactions. The IRS is Targeting Crypto especially hitting it harder than ever and they will continue to do so, it is helping them to fight crime and also increase tax revenue.

https://medium.com/altcoin-magazine/6-ways-to-avoid-capital-gains-tax-on-your-bitcoin-transactions-cdea03e17eb4

Medium had an article about this, and I think people should think twice before trying to find loop hole that they to lessen or avoid capital gain tax.

Gifting

Self Directed IRA

Offshore Corporation

International Life Insurance Policy

Become a Resident of Puerto Rico

Give Up US Citizenship

Amazon associate account will get terminate if you don’t meet certain quota

If you have a amazon associate account, and you have been qualified to sell ads for them but generate no sell then your account will get terminated.

On Tuesday, April 9, 2019, 4:07:58 PM EDT, Amazon Associates [email protected] wrote:
Hello -20,
We are reaching out to you because you have not reached the required Qualifying Purchases for your account. As a reminder, Associate accounts that have not referred three Qualifying Purchases to Amazon.com within 180 days of sign-up will be closed.
There are many ways to increase referrals and advertising fees you earn through the Associates Program, including:
Making your existing links more prominent or visible to site visitors
Including links to additional products or product variants
Adding links for trending promotions that you can find in our promotions hub
Increasing traffic to your website using search engine optimization and social media
Please visit the Resource Center on Associates Central to view articles for additional tips to optimize your earnings. For new Associates, the most popular articles to view are ‘Your Daily Checklist for Success’, ‘Unlock the Potential of Your Website’, and ‘Improve Your Copy’, ‘Improve Your Conversions’.

Make money from your blog social media account through sponsors and google adsense this spring summer toward falls

Godaddy just sent a helpful email on tips to make money with this Springs Summer seasons of 2019.

I think any site or blog can make money, start with google adsense and if google adsense banned your site you can always go through sponsors or affiliate. Now is the best time to market your website to get people to click your banners or ads. In conjunction with your website you can add social media such as facebook, twitter,youtube and instagram will maximize your earning. Although more and more people are suing adblock now a day, but you probably don’t want to target those people anyways since either they’re hackers or scammers or not interested in what you have, you’re more interested in people who are interested like mom pop and children that can tell their parents that they’re interested.

So go and update your blog website social media to make money, who knows it will pay for your car rental, hotel, flight or something. In addition to keep your mind sharp and stay busy not killing yourself. Watching videos all day long isn’t going to help you, even you’re watching documentary, instead do something that expand your mind keeping your mind sharp, keep thinking of ideas and better ways to do daily stuff, don’t stick with the same old when you know you can improve, just don’t spend too much time, do it as a hobby to keep your mind sharp, just make sure it doesn’t compromise your life family.

Spring has sprung, and as vacation-goers start to research, plan and book their spring and summer getaways, we have the tips to help you make sure your business stands out among the rest! Spring into action and use these social media marketing strategies to bring in new customers.
This year, travelers will use their smartphones to research and book hotel rooms, post about their meals and experiences on Facebook, Twitter and Instagram and review their trips on Yelp, Google and TripAdvisor. Now’s the time to harness the latest travel industry digital marketing trends to get your brand in front of new eyes. Plus, download our guide, Upgrade Your Facebook Strategy, to create organic and paid content that will attract your loyal fans and potential new customers as they embark upon their adventures this travel season.

It’s this time of the year again to check your social security statement, never too old or too young to check

Head over to https://www.socialsecurity.gov/reviewyourstatement and login to your account. You can create your account if you don’t have one yet. This is a US government website, notice the .gov domain.

If you’re at the age where you should consider planning for retirement, and if you work in the USA and paid tax, you should get benefit when retired. So check it out to see what you have so far in the social security pool. It’s simple to register if you have not registered an account yet, just need your social security # and a few other personal information that only you yourself would know in order to confirm it’s you.

Although I probably have 20 years before I qualified for retirement, and 25 years for full amount. The statement will show the current status if and when you retire and your income tax submitted so far.

China banning Bitcoin and other Cryptocurrencies mining operations

That’s correct, China is planning to ban Bitcoin mining and other Cryptocurrencies related mining because it uses too much power and Chinese government think it’s stupid overal cryptocurrencies. According to https://www.wired.com/story/china-says-bitcoin-wasteful-wants-ban-mining/

Well, to be precise on this news, China is planning to ban it within 2 months, it’s not 100% official. What does this mean to Bitcoin? – well let start by saying that the big mining operation that registered as a business will probably get hit first and these are the largest mining operations in China, then gradually banning the smaller one and eventually case by case person by person banning. However to be fair, this will not get rid of mining in China 100%, there will be some operation invisible to the government official, some small mining operations hidden, home mining and so on, government official will not be able to wipe out all.

If this banning were to go into effect within 2 months, we would see mining hash dropped dramatically, and decentralize will be decentralize, because today Chinese have close to 50% of the world Bitcoin and other Cryptocurrencies mining hash rate. When this is done, the hash rate will drop and will see China no longer have 50% hash rate. However I think Chinese miners will move elsewhere in the world, like maybe somewhere cold or cheap electricity. It depend on the price of Bitcoin, if the price of Bitcoin climb above $20k and stay there then the Chinese miners might have a chance to move their operation elsewhere where they don’t get bullied.

So as you can see, even though Bitcoin is anonymous, decentralized, but it is not 100% depend on how the business or a person want to present it.

blockfi.com sent email on tips for “Crypto taxes don’t have to be a headache”

On Friday, April 5, 2019, 3:51:00 PM EDT, BlockFi [email protected] wrote:
Tools for Filing Crypto Taxes
Still waiting to file your 2018 crypto taxes?
BlockFi partners with companies like ZenLedger.io, who specialize in tax software for crypto investors and CPAs. They integrate with all major exchanges to import your data and parse it all together into an accurate timeline. The best part? They show you your gains/losses from trading and the complete all the forms you need to file your taxes, including the IRS 8949 and Schedule D & FINCen forms.
ZenLedger is an official TurboTax partner, making it really simple to file your taxes. You can also invite your CPA to review your crypto transaction data through the audit report feature.
BlockFi clients can save 20% with ZenLedger on their 2018 tax forms by using the code “BlockFiTaxes2018” at checkout.
Calculating your crypto taxes is one of the more stressful parts of being a cryptocurrency trader. There are a number of other options available for crypto tax services, like our friends at TokenTax. Visit our list of the Top 5 Best Crypto Tax Companies to find the partner best suited to your personal or business tax situation. Spend less time worrying about tabulating each trade you’ve made and more time focusing on what trades are next.
Learn More
BlockFi Interest Account payments are out!
The BlockFi team sent out the first BIA crypto interest payments this week.
I asked about earning interest on kibble, but I was barking up the wrong tree. Tweet @TheRealBlockFi & share your thoughts!
We’ve made some adjustments to our terms and conditions, you can read the changes here. This includes language edits in the withdrawal fee section and the rate change announcement section.
Learn More About BlockFi
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Disclaimer: This is a marketing email developed as marketing material for the BlockFi brand. Some of our emails may contain marketing links, which means we will receive a commission for purchases made via those links. Rates for BlockFi product rates are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections.

USA folks your tax are due on April 15th by midnight “It’s TAX season! Ensure you are safe from phishing scams”

Make sure you file your Bitcoin or other Cryptocurrencies coins bought and sold within the year. If you do business and accept Bitcoin or pay via Bitcoin and other cryptocurrencies, make sure you keep track and file as well when converted to USD (calculate the gain or loss). Don’t get caught, it could be real ugly.

On Monday, April 8, 2019, 1:03:09 PM EDT, ZoneAlarm News [email protected] wrote:
Ensure you are safe from tax scams!
Every tax season, scammers are notorious for trying to trick millions of taxpayers into giving over their financial and sensitive information. These types of tax scams earn criminals billions of dollars every year. This is a great time to highlight the most common tax scam to especially watch out for this season – Phishing!
Phishing Scam
Phishing is a scam that helps criminals to steal your personal information.
Scammers are sending convincing emails that link to conceivable government websites that appear like the IRS or genuine financial websites, but are actually phishing scams. These websites try to trick you into entering your credentials and to verify personal and sensitive information. Falling into this trap could lead to identity theft, and could also lead to falsely filed tax returns (The criminals will fill fraudulent tax returns, and use your bank accounts to deposit tax refunds only to collect it later falsely claiming to be from a collection agency or the IRS).
Other phishing scams aim at your bank account credentials. Once they get it they won’t leave you time for recovery. They’ll act fast and still your money.
You should watch out for emails from hackers who are stating that they’re from the IRS, promising refunds, or sometimes trying to threaten people.
As a safety measure please don’t open attachments or click on any links in the emails.
ZoneAlarm Anti-Phishing solution offers innovative, real-time protection that ensures your data will always be safe. It uses a heuristic engine that will scan all websites you reach and examine their characteristics before letting you insert any personal information. It will alert you whether it is a safe website or a phishing attempt.
Check out our special spring sale (up to 70%) and make sure you are not getting a victim to identity theft or fraud.
I WANT TO GET PROTECTED
If you are already ZoneAlarm customer please make sure to enable the Anti-Phishing extension. For more information
The special spring sale price applies for new purchases only.
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Bank of America minimum wage is $20 an hour for all its employees?

https://www.cnn.com/2019/04/09/investing/bank-of-america-minimum-wage/index.html

According to cnn news, and confirmed by Bank of Ameria BOA and its stock symbol is BAC at the moment $29. Bank of American said it will raise the minimum wage for all its employees (205,000) to $20 an hour. Well not so fast there folks, don’t you all jump into Bank of America looking for jobs? such as bank teller which is probably the lowest paying position perhaps since I think janitor at Bank of America are contractor so they’re not necessary consider as Bank of America employee. So how this work? well BAC said they will start increase from $15 to $17 then to $20 by end of year 2021, well that’s a long way. There are also locality involve I believe, not all locations and branches, let say you live somewhere rural and living expense is cheap, you probably not going to $20 an hour I don’t think, we don’t know, there are lots of fine prints.

My personal opinion on this is that Bank of America is trying to gain popularity to recruit more talented people, and also making their bank popular, it’s part of the marketing strategy, someone should look at Bank of American marketing department to see if there were new hire or new project they’re working on to get more customers. I think it’s a great a move, but it could back fire if they can’t manage to pay $20 an hour for all its employees as minimum wage because of high over head expense, their profit will drop and their investors will leave and their bank will suffer, it’s a risky move.

Talking about risk, we take risk everything we do now a day, even me here typing I could get electrocuted by the monitor exploding or the ceiling roof of the house collapse on top of me, and so on and so forth, but luckily the good news is the risk can be calculate. That’s right you can calculate the risk, and I think that’s what Bank of America is doing, they calculate their risk and have lots of back up plan, and lastly the FDIC insured bank such as Bank of America will get saved by Government, so they’re pretty much calculated on their risk. Basically chance of succeed higher than failure. So folks, learn to take risks but calculated risk, not just any risk, if you want to take any risk then why not just double down your money or whatever in as casino.

Yet another yobit.net replica of the real coin “YoBit Rocket ICO in 14 hrs!”

Get in and get out fast folks, when you see profit sell right away and never look back. Yet yobit.net just announced another ICO coin within their trading platform, so call InvestBox. This time it’s the popular “Rocket” have to do with Russian is all I can say. Keep in mind, this is only within yobit.net platform for trading, you cannot withdraw the coin or anything like that, it’s just a some what like HYIP (high yield investment program) InvestBox or a ponzi coin where you purchase and the price sky rocket and drop or you get super high yield investment like 3% daily or so. So if you want to get involve and make some money if you’re lucky then get in and get out right away when you see profit, normally people whom just hold thinking it will continue to go up doesn’t have good profit or no profit or even worst loose it all and nothing you can because of the fine print you agreed to when using yobit.net internal platform coins ICO. Just like novachain.cc arbitraging.co and so on, they do not guaranteed anything, they can make up story saying they got hacked or government shutting them down, and they will and can disappear without a trace and nothing anyone can do because this had happened in the past like recent bitconnect.

On Monday, April 8, 2019, 7:00:35 PM EDT, Yobit News [email protected] wrote:
YObit.net
YoBit Rocket ICO in 14 hrs!
Dear YoBit Users!
New ICO in 14 hrs, timer: https://yobit.net/en/ico/timer/
ICO coins: 479,900,000
ICO price: 0.00000100 (100 sat)
ICO amount: 479.9 btc
Buy limit: 5 btc
ICO rules:
InvestBox Plan – 4% / daily
90% buy walls (you can sell after the trading start and be in profit):
0.00000110 (110 sat) – 47.99 btc
0.00000109 (109 sat) – 47.99 btc
0.00000108 (108 sat) – 47.99 btc
0.00000107 (107 sat) – 47.99 btc
0.00000106 (106 sat) – 47.99 btc
0.00000105 (105 sat) – 47.99 btc
0.00000104 (104 sat) – 47.99 btc
0.00000103 (103 sat) – 47.99 btc
0.00000102 (102 sat) – 47.99 btc
(each wall – 10% btc amount)
Sincerely yours,
Team of Yobit.Net
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