Impuesto trimestral sobre criptomonedas para ciudadanos estadounidenses
Receiving income from crypto, mining or trading, you need to pay a quarterly (imputed) tax. This is required by the U.S. tax system
Tax should be paid at the time of receipt of income, not at the end of the year. This allows you to better control spending. Usually the employer pays taxes. It withholds the employee's payroll tax and automatically pays it to the state treasury.
However, since trading and mining fall into the category of self-employment, there is no automatic tax collection, and you need to calculate and pay quarterly income tax.
By law, the responsibility for timeliness and the correct tax calculation is the beneficiary. You need to pay this tax on this schedule:
Form 1040-ES can be used to file an income report. To calculate taxes, you need to pay attention to Article 8 of the 1040-ES instruction. If this is an impossible task for you, you can use the services of a tax advisor.
What if I don't pay tax?
You will have to pay the full amount for the previous year by filing a tax return next year. However, it is worth remembering that with large amounts of non-payment, the taxpayer may be penalised.
Only if the tax arrears are less than $1,000 or 90-100% tax paid in the last reporting period, you can avoid a fine. You should learn more about taxation, so as not to find yourself in an unpleasant situation.