Hi, I moved from uk to us on 2018. I have a coinbase account when i was in uk. I have some crypto in binance and want to convert it to fiat. Only 4.5k. Can i transfer to uk coinbase, sell and withdraw to my uk acc. Will US IRS know abt that transaction?
I'm not sure for UK but some neighboring countries in Europe have privacy laws that oblige banks to disclose to you when they release your personal information (bank statements, money transfers, etc..) to third parties.
Never underestimate the connections of the IRS. Pay your taxes. Know of a lot of people trying to evade taxes while based abroad, got caught and had to pay them back + large fines
Yep.
Ever heard of tax treaties?
No. CB UK won't either as trivial amount
So US IRS cannot access UK coinbase trans ? When i created an coinbase acc, it is the same coinbase.com. How they determined if it is uk or us account?
The IRS literally have better things to do than track 4k UK transactions. UK GCT us 12k too so CB wouldn't flag the account as of interest either.