Degen

The U.S. tax system is insanely convoluted. Add in global taxation of citizens and it's basically impossible to understand anything. I've been buried in taxes for 10 days straight—working with two law firms and a crypto tax firm just to make sense of it all. If I could rewind time, I’d never open a business in the U.S. Makes zero sense, especially in crypto.

It still makes no sense to me as an outsider that the government knows approximately how much people should pay and still every person has to calculate things by themselves again.

Honestly, the government doesn’t really know anything unless you straight up tell them. And they’re not gonna bother figuring it out unless you either get randomly audited or somehow pop up on their radar and they think they can squeeze more out of you than it would cost to audit. It's less “we know what you owe” and more “we're waiting to see if you mess up.”