The tax fraud schemes make sense for now. Party A makes 10 NFTs and sells 1 to Party B for $10,000. Party B makes 10 NFTs and sells 1 to Party A for $10,000.
They both then donate their remaining NFTs to a charity and take a $90,000 tax write-off each.
Will work until the IRS is able to hire the additional 80,000 enforcement agents they’ve asked for.
The tax fraud schemes make sense for now. Party A makes 10 NFTs and sells 1 to Party B for $10,000. Party B makes 10 NFTs and sells 1 to Party A for $10,000.
They both then donate their remaining NFTs to a charity and take a $90,000 tax write-off each.
Will work until the IRS is able to hire the additional 80,000 enforcement agents they’ve asked for.