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RE: Line in the Sand
According to a friend, whose brother works for the IRS. Bitcoin only becomes traceable/taxable when you convert it to USD (for now). They have gone after people blatantly breaking the law (drug dealers for example) who are holding a lot of BTC. We will know when that first audit hits and someone is made an example of.
Yeah , but they won't track you have bitcoins just like that.
They will only for some reason, for example if they will get an info you are using bitcoins.
It is obvious that if you get a lot of money on your bank account, IRS will meet you .