I’m not a tax avoidance advocate but you really reported your few hundred in mining profits? In similar situations I’d wage 99% of miners don’t report and have never had problems.
Worth noting: I also reported a few thousand in trading profits, which were part of the same forms. So I couldn't just ignore crypto entirely on my taxes, and I used TaxBit to autogenerate the forms; it required everything in my transaction history to be accounted for, including all of the mining transactions.
Yeah, this is another reason why so many people are suspicious of the push for "cash like" systems - like cash, they enable tax evasion. Which is one of those things we can each let slide for a bit on small amounts, but when it starts distorting the rest of the market we're not going to put up with.
You're reasoning for violating the law is that the probability if getting caught is low?
Pretty much everyone uses this mentality with some law.
Ever go 46 MPH in a 45 MPH zone?
Tax evasion and speeding are not in the same category of crime, not even close. One is generally an infraction (not even a misdemeanor) and the other is a felony.
fr speeding can cause injury to others especially when done more than a bit, unless you're a highly trained driver or smth. tax evasion causes no physical harm to anyone.
Evading a few bucks from running numbers on your graphics card is not laundering money to fund trafficking or depriving schools of books.
If it's a rounding error, then they're both negligible crimes.