Why you MUST learn to properly file a 1040-NR
EDITORIAL:
The following article describes what happens when you DON’T learn how to properly file a 1040-NR: You go to jail as a presumed “U.S. person”.
The guy described in the article below was a Bitcoin millionaire who was prosecuted for tax fraud after filing a 1040 rather than the more correct 1040-NR. One of our members is just like him, is similarly a bitcoin millionaire, and even left the country to go to St. Kitts just like this fellow, but instead filed a 1040-NR using our Form #09.077. The feds are leaving him alone on the tax front instead of prosecuting him like this man.
Roger Ver made some unflattering comments about the government publicly and was targeted for “selective enforcement” for it. If we’re remembering correctly he was selling fireworks on ebay and was selectively prosecuted for it. Our recollection is that he said he was the only person who was prosecuted for selling fireworks in this way. We don’t recall what they said his crime was with selling fireworks. From this article, it appears that the feds called it EXPLOSIVES instead of fireworks.
The sad story is that most people would rather go to prison than spend even one hour learning the truths about taxes on this site and correctly following the law to maximize their liberty as a nonresident alien. That’s the power of the Dunning-Kruger effect: They’d rather be “right” and go to jail than admit and correct their own errors and be freed, as described in:
Secular Praise of the Main Virtue of Christianity: HUMILITY-why your mind is closed and how to open it.
We’re not suggesting that you SHOULD file a 1040-NR mind you, but we are saying IN OUR OWN case ONLY that:
- Whether there is a need to file is determined by whether:
1.1. There are information returns filed. No information returns, no need to file.
1.2 There has been a previous assessment for a tax year that you didn’t file. If there is, you can rebut it with your own assessment by Filing the 1040-NR. - Information returns are usually false, but if they aren’t dealt with and rebutted SOMEHOW, then you acquiesce to false presumptions about your status and jeopardize your property in the process:
https://sedm.org/Forms/04-Tax/0-CorrErrInfoRtns/CorrErrInfoRtns.pdf - If we file AT ALL, we would file ONLY the 1040-NR and NEVER the 1040.
For details on how to file a 1040-NR instead of a 1040, see:
- Nonresident Alien Position Course, Form #12.045
https://sedm.org/LibertyU/NRA.pdf - Proof that American Nationals are Nonresident Aliens, Form #09.081
https://sedm.org/Forms/09-Procs/ProofAnNRA.pdf - Citizenship Diagrams, Form #10.010
https://sedm.org/Forms/10-Emancipation/CitizenshipDiagrams.pdf - How to File Returns, Form #09.074** (Member Subscriptions)
https://sedm.org/product/filing-returns-form-09-074/ - Procedure to File Returns, Form #09.075** (Member Subscriptions)
https://sedm.org/product/procedure-to-file-tax-returns-form-09-075/ - 1040-NR Attachment, Form #09.077
https://sedm.org/Forms/09-Procs/1040NR-Attachment.pdf - Non-Resident Non-Person Position, Form 05.020
https://sedm.org/Forms/05-MemLaw/NonresidentNonPersonPosition.pdf
BEGIN ARTICLE:
Feds Charge ‘Bitcoin Jesus’ With $50 Million Tax Fraud
Story by Michele McPhee, Los Angeles Magazine, 4/30/24
A California man dubbed “Bitcoin Jesus” has been hit with federal tax charges after he was tracked to Spain where he was captured after months on the lam.
Roger Ver, an early investor in bitcoin, is now facing federal mail fraud, tax evasion and filing false tax returns charges. Ver gave up his U.S. citizenship in 2014, and left the country for St. Kitts without paying an “exit tax” on $240 million in cash he made in the United States.
“Even though Ver was not then a U.S. citizen, he was still legally required to report to the IRS and pay tax on certain distributions such as dividends from MemoryDealers and Agilestar, which were U.S. corporations,” according to federal prosecutors.
Before this arrest, Ver served federal prison time after pleaded guilty to selling explosives on eBay in 2002 under the name “Pest Control Report 2000.” He served 10 months in prison, then moved to Japan before relinquishing his U.S. passport for citizenship in St. Kitts.
According to the indictment unsealed Monday, Ver owned MemoryDealers.com Inc. and Agilestar.com Inc., two companies that sold computer and networking equipment. Starting in 2011, Ver allegedly began acquiring bitcoins for himself and his companies, which is when he designated himself with the moniker “Bitcoin Jesus,” federal prosecutors say.
Ver has since authored a book called “Hijacking Bitcoin,” which he describes as “a devastating exposé of the corruption, propaganda and centralization of power in Bitcoin.”
If convicted of all charges, Ver would face a statutory maximum sentence of 20 years in federal prison for each mail fraud count, up to five years in federal prison for each tax evasion count and up to three years in federal prison for each count of subscribing to a false tax return.