| Hi Everyone, today I am editing my first post. Orginally, my first post was completely written in english. Since I have found out the possibility to create columns, I am now translating this first post in German. | Hallo alle zusammen, heute editiere ich meinen ersten Post. Ursprünglich war er komplett in Englisch geschrieben. Da ich zwischenzeitlich herausgefunden habe, wie man Tabellen erstellt, übersetze ich diesen Post jetzt ins Deutsche. |
| I am very new to steem. Today you can read my first post after I have managed to sign up and login. | Ich bin bei Steem ganz neu. Heute könnt Ihr meinen ersten Post lesen, nachdem ich es endlich geschafft habe, mich anzumelden. |
| How did I get to steem? I learned about steem by a friend of mine. He told me about the steem blockchain about half a year ago in summer 2017. So, you see, there was a long time that nothing happened. I saw the rates of cryptocurrencies move up and down. | Wie bin ich zu Steem gekommen? Ich habe von Steem von einem Freund erfahren. Schon vor ungefähr einem halben Jahr, im Sommer 2017, hat er mir von der steem blockchain erzählt. Es hat lange gedauert, in der nichts passierte, das könnt Ihr sehen. Ich habe nur die Kurse der Kryptowährungen hoch und runter gehen sehen. |
| Why is today the day of my first post? Since I met my friend again yesterday, he again told me about steem and I have decided to start. So here I am. | Warum schreibe ich gerade heute meinen ersten Post? Da ich diesen Freund gestern wieder gesehen habe und er mir wieder von steem erzählt hat, habe ich beschlossen, anzufangen. Und da bin ich. |
| Why do I call myself taxguy? Since I don't only post on steem to earn the money I need for life, I have a first Job. I am a german tax advisor. In the last months several people came to me because they use cryptocurrencies in order to really earn money (mining, trading, posting, ...). Since cryptocurrencies are not yet too far known in the government, many people at governments and at tax authorities don't really know how to interact with cryptocurrencies. This is what I realized in several discussions. | Warum nenne ich mich selbst taxguy? Da ich nicht nur bei steem poste, um das Geld zu meinem Lebensunterhalt zu verdienen, habe ich noch einen ersten Beruf. Ich bin Steuerberater in Deutschland. In den letzten Monaten kamen einige Personen zu mir, weil sie Kryptowährungen nutzen, um echtes Geld zu verdienen (mining, handeln, posten, ...). Da Kryptowährungen in der Verwaltung noch nicht sehr bekannt sind, wissen viele Personen in der Verwaltung noch nicht richtig, wie man damit umgehen muss. Das habe ich in verschiedenen Gesprächen und Diskussionen gelernt. |
| Which is my value to the community? In the past I always had a liking for several kinds of investments. cryptocurrencies are another possibility for Investment. So, I have chosen to deal with the issue on hand. How to tax cryptocurrencies? Does anyone really know? Not yet in every Detail. So, if even the tax authorities do not yet really know how to deal with cryptocurrencies, we can try to become standard setters. Still we are in a very early stage and we can try to bring our opinions to later tax law. And if we can become the standard setters of crypto currency taxation, we can take influence on the future tax law. This is what I will try to bring to the community. Knowledge about taxation in general and taxation of cryptocurrencies. | Welchen Mehrwert bringe ich der Community? (Ihr verzeiht mir den Ausdruck 'community', aber Gemeinschaft hört sich in diesem Zusammenhang eher komisch an). In der Vergangenheit habe ich mich schon immer für verschiedene Arten von Investments interessiert. Kryptowährungen sind eine andere Möglichkeit der Investition. So habe ich entschieden, mich auch mit Kryptowährungen zu beschäftigen. Wie werden Kryptowährungen besteuert? Weiß es irgendjemand wirklich? Wir kennen noch nicht alle Details. Deshalb, wenn noch nicht einmal die Finanzbehörden richtig wissen, wie sie mit Kryptowährungen umgehen werden, können wir versuchen, die Standards zu setzen. Noch sind wir in einer sehr frühen Phase und wir können versuchen, unsere Meinungen in das spätere Steuergesetz einzubringen. Und wenn wir es schaffen, Standard Setter für Kryptowährungen zu werden, können wir auf das spätere Steuergesetz Einfluss nehmen. Das ist das, was ich der Community mitbringen möchte. Wissen über Besteuerung im allgemeinen und auch über die Besteuerung von Kryptowährungen. |
| So, I will try to recap, concentrate and even see what you are thinking about this taxation issue in the future. Let's bring our knowledge together and have a positive Impact on our future. | Also werde ich versuchen, zusammenfassen, zu konzentrieren und auch zu sehen, was Ihr über diese Steuerthematik in der Zukunft denkt. Lasst uns unser Wissen zusammenbringen und lasst uns die Zukunft positiv gestalten. |
Hi,
Even though you are not providing any advice on here, may I ask you some professional questions?
Had you considered you would use the German translation of "tax guy" as your username?
Do tax guys actually have friends, or only people who are not their enemies?
If you are not an actual tax guy, but pretend to be a tax guy online -are you a tax fraud guy or fraud tax guy?
Welcome to Steemit ;)
Hi apsu,
thanks for your questions.
Thank you for the great replies, taxguy and welcome on Steemit once more.
The question 3. was just a bonus question, so it will not affect the final grade you will get in the exam.
This would have been a nice name too, but no one would have been able to understand it, except for germanians of course. xD
That is a really unprecise translation as it means 'the person who steers a ship' and I would propose Steuertyp as in more like tax dude.
I noticed the same, I ran it through google translate and then checked few different sites what "Steuermann" means. None of them mentioned anything about taxation, but ships and sailing.
I wouldn't be delighted to join Steemit as a tax guy and turning into a sailor.
From where I am standing (on dry, confusing-tax-law-ridden land), that doesn't sound like too bad of a swap haha. Discussions of implications of citizenship on crypto taxation makes life at sea sound fairly tempting ;P
google translation never ceases to amaze me.
right
That would just sound extremely manly, but as I tried to check google translate too, I noticed there would be a great risk of misunderstanding.
DeepL - Translator translates it to "Steuerfachmann", which is, by far, more accurate.
Are you also familiar with USA tax law? How similar is German tax law to us tax law?
Hi dhn0411,
since I am a german tax advisor I have some experience in other tax laws, including US tax law. To be honest, in real life I am not allowed to advise on US tax law since they have their own law and their own entrance requirements.
But, on the other hand side, I have some experience, so I can say: the similarity between german tax law and USA tax law depends on what kind of earnings we are talking about, if they are earnings of a company or of individuals. So, it's not possible to give a general answer.
great to see a tax accountant on steemit. going against the conventional belief that accountants are boring and have no time for networking. welcome aboard, enjoy the ride.
Thanks a lot, @sylviam
In future tax will be applied to all crypto worldwide.. Because i think that the goverment also need some benefits from our gains.
I think so too. But at the moment, I think and hope that we have the possibility to set some standards.
Welcome to steemit @taxguy . Looking forward to read more about taxation in the crypto space based on your viewpoint. Followed u :)
Only two things certain in this life....death and taxes. In this country you have to pay death duties so maybe there is only one ;) Seriously though....welcome to steemit. Have fun my friend. Peace.
I love your aspirations on trying to educate the world on crypto currency, I never knew what a block chain was until my friend introduced me to steemit and gave me lectures on how it works and I believe crypto currency is the future! I'm also inviting friends and also passing my knowledge of crypto to everyone I can. Keep the good work up bro!
Thanks a lot, @kingeazi
Great post and welcome to steem it. I too have been asking the same questions. How do we declare cryptocurrency profit. I do not know the exact profit as I use my taxed income to invest and exchange through multiple fiat currency and crypto exchanges. I can only account for my original fiat investment. I only hold crypto as I have no idea how to declare correct profits ahaha. Too hard basket to declare tax on crypto accurately. If I use crypto for small purchases under a certain amount, no tax to pay. Only on purchases that are small goods or services ;) otherwise big trouble trying to declare correct amount to be taxed.
As far as I understand it until now, I think you're right. It's really not easy how to find out the correct amounts. I have understood that, in the meantime, there are some people trying to find out when they have received which cryptocurrencies at which exchange rate. I will try to get deeper into this issue in the future.
Thanks for your reply. Following and I look forward to your further insights.
You can normally offset losses against profits which seems apt based on the current climate. But in all seriousness if cryptos are to be treated as securities in future then tax should only apply once the asset is liquidated. So it shouldn't matter for all you HODLers!
Depending on how they are treated you can have to pay when you receive them at the price at that time.
Coulb be that you pay tax for SP too. But that depends on your situation and country I guess.
Right, I think so too. I will try to get deeper into this issue in the future
I think your proposal is very valid, I hope that you manage to generate awareness in the people to support fair and equitable legislation.
Thanks a lot, @alexmorenoec