Is it normal to withdraw cash and pay taxes in bitcoin

1. Normal should not be frozen, you check whether there is a problem with your operation.

2. Do not participate in the illegal trading of illegal platforms, which may cause great risks to yourself because of the platform running away.

3.

According to the regulations of notice 2014-21 of the IRS:

1. The information range of virtual currency payment is consistent with that of other property payment

2. Virtual currency paid to service providers and independent contractors should be taxed, and the tax rules of freelance also apply to virtual currency. Taxpayers usually have to get form 1099-MISC

3. When using virtual currency to pay wages to employees, they must also pay taxes, and they also need to pay federal income tax and payroll tax

4. The third party accepting virtual currency settlement payment on behalf of the merchant must report the payment status in form1099-k, payment card and the third party network dealer

5. Based on the fact that the virtual currency in the hands of taxpayers is a kind of capital asset, the gains or losses in the transaction of virtual currency and the sales of virtual currency need to be taxed

extended information:

legal status of bitcoin in China

in China, the regulations on the administration of RMB prohibit the proction and sale of token tickets. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China will face uncertainty

the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency of online games (Wen Shi Fa [2009] No. 20) on June 4, 2009 stated that the application scope of virtual currency of online games was defined for the first time, and the distinction between the current virtual currency of online games and the virtual props in the game was made; At the same time, the notice said that the "notice" stipulates that enterprises engaged in related services must be approved before they can operate< br />

4. First, make data storage more secure and convenient
without centralized data management, the security of data is higher, and it is difficult to be spied or copied. The distributed data storage in the whole network reces the loss and damage of data caused by contention, natural disasters, human and other reasons, and is concive to the permanent preservation of valuable data

secondly, it perfectly supports the application of blockchain
the essence of blockchain is distributed and decentralized. One of the bottlenecks in the development of blockchain is the distributed storage capacity. Especially for most basic public chains, how to store a large amount of data on their main chain is an urgent problem to be solved. The future distributed application (DAPP) wants to become a super application widely used by the public, it must also solve the storage problem. Therefore, the distributed storage of IPFs is likely to become the infrastructure of the future blockchain instry, which brings us huge imagination< br />

storage mining
based on the value of the underlying distributed transmission protocol of IPFs Internet, IPFs exchange creates the data flow storage mining function of IPFs trading system

data traffic storage mining is the behavior mining generated by the total amount of data users in the trading system and the total amount of data flow in and out of the trading system by reusing the space storage of idle network Zi sources, which is called data traffic storage mining< br />

IPFs international digital property valuation trading system is the only trading system developed with IPFs underlying technology. Independent data storage, 1.4 million efficient matchmaking transactions per second. Intelligent processing multi level Tai executive terminal, with Yin line level risk control system

IPFs trading system data flow storage mining "mine" is based on the ecological value of the issue of FPS, PPS, PSS and SSS four stages of money, and with mining machine mining and Tui wide, realize the user's value Hui report< br />

when a person has no money, if he spreads his diligence, the money may come; When you have money, spread it out and people may come; When there are people, spread the love and support, maybe the career will come. When the career graally become, the Gu share out, may become a dream! The first sentence: Heaven rewards diligence. The second sentence: money scattered, people together. Third sentence: fraternity is the only way to get rid of oneself. The fourth sentence: how wide the heart is, how big the sky is.

5. After paying, I will ask you to pay something else, and I will be cheated,

6. unwanted. Bitcoin doesn't go through any bank

7. Bitcoin trading and trading in China are illegal and non-conforming
now trading is purchased through the non regulatory exchange platform, so there is no need to pay tax for the time being
there is no standard and no place to pay

8. I'm responsible to tell you that bitcoin is a scam. It takes so long to beat the drum. Now cash withdrawal is another way to cheat you

9. Babbitt made money, but he said that he had to be nine years old before he could withdraw. Nine years old is normal, and there is a certain proportion. You can pay taxes before withdrawing. It should not be deceitful.