Forex Trading Tips and Reviews

What happens if I don’t pay taxes on my forex profits?

My forex broker does not report my trading activity to the IRS on the 1099 form. Thus, the IRS has no idea how much money I’m making. Can’t I simply pretend I didn’t make anything for purposes of taxation? How will they ever know the difference? No bashing, please. Serious answers only.

Income tax issues are different for every person. Your best bet is to consult with a tax specialist. But you probably already know that and came here to get a feel for what he or she will tell you.

Binary Intervention: Taxation II [Walter Block]