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Comment by _eht | Hacker News Reader

How does your accounting work? Is your accountant also up to date with the 2019 program?

Are there any caveats to this that you didn't mention? Are they all contract 1099? What about healthcare and retirement contributions and considerations?

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I never understand why people bring up accountants or taxes when talking about cryptocurrencies. Seriously, you negotiate with your employer an hourly rate, you get paid that hourly rate and is what you should report.

The way you receive your salary at the end of the day (bank transfer or crypto) is completely decoupled from this. In the same way you don't need to tell the taxman what bank did you use to receive your wage, you don't need to tell what cryptocurrency you used (if you don't convert instantly to fiat when receiving it, that will mean you will have more taxable events later, but this is another subject).

How is converting it to fiat a different subject when most people need to be paid in something that can then be used for rent/food/literally everything else?

This entire thread is insane.

The second a job tries to pay me in crypto is the second I'm looking for another job.

Depends on the amount of money involved, doesn't it? I don't care how you pay me, as long as the amounts involved make it worth my time.

It's not that much different than receiving foreign money, I get paid in dollars, but I use the local money in everyday life.

All you’ve done is make it clear that you have never run a business.

This is equivalent to saying you don't have to tell the IRS you paid someone in USD or gum.

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