After Not Filing Taxes for 8 Years, John McAfee Claims IRS After Him For Cryptocurrencies

After Not Filing Taxes for 8 Years, John McAfee Claims IRS After Him For Cryptocurrencies 1

Earlier this month, John McAfee indicated online that he had not filed taxes for eight years and all but dared the IRS to come after him. Now, he says that he is on the run. He claims to be working and living on his yacht because the IRS is after him for his use of Cryptocurrencies.

John McAfee is a divisive figure, even in the cryptocurrency community where he enjoys more support than elsewhere. He first made his name by developing anti-virus software in the late 1980s and early 1990s. McAfee sold his stake in 1991, disappeared from public view for a while and then reemerged after becoming a person of interest in a murder in Belize.

Coinbase 3

He was eventually arrested in Guatemala and sent back to the United States and that is when the crazy started to happen.

John McAfee called taxes illegal, posted pictures of himself with automatic weapons and scantily clad women and posted often about using drugs. That’s pretty weird for a millionaire, but not out of realm of stuff you’d expect to see on social media.

But he also ran an insurgent campaign for President and created his own political party. He has, at times, advocated for consensual sex with whales. A Showtime documentary accused him of rape, murder and some more disgusting things. Oh, and he started his own privacy-focused cryptocurrency called Apollo. (Though he also claimed that he never transacted in any privacy coins.)

In general, he just says crazy shit. And he does crazy shit. And so it should be no surprise that some people love him for that, and others hate him.

But today, he says he is running his 2020 campaign “in exile” because the IRS is coming after him for using cryptocurrencies. How much this has to do with his claim of not filing taxes for eight years, is unclear. He did indicate the reason he didn’t pay taxes, other than them being illegal in his mind, is that he hasn’t made any money.

Rather, he insists that he is living off of the money he made when he sold his stake in the McAfee software company. However, he has alluded to new business ventures. Presumably, those lost money if, as McAfee claims, he hasn’t brought in any money during those eight years.

Ultimately, anyone bringing in any kind of income (not profit) is required to file taxes, even if they aren’t going to have to pay taxes because they didn’t net a profit.

McAfee seems to be in the middle of a strange saga that is only going to get stranger.

We have reached out to the McAfee team for comment but have not heard back at press time.

After Not Filing Taxes for 8 Years, John McAfee Claims IRS After Him For Cryptocurrencies 2
blank
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 39,910.00
ethereum
Ethereum (ETH) $ 2,292.79
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 311.84
cardano
Cardano (ADA) $ 1.28
xrp
XRP (XRP) $ 0.716406
usd-coin
USD Coin (USDC) $ 0.999317
dogecoin
Dogecoin (DOGE) $ 0.207454
polkadot
Polkadot (DOT) $ 14.47
binance-usd
Binance USD (BUSD) $ 0.999277
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 39,910.00
ethereumEthereum (ETH)
$ 2,292.79
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 509.15
litecoinLitecoin (LTC)
$ 138.97
bitcoinBitcoin (BTC)
33.828,71
ethereumEthereum (ETH)
1.943,43
tetherTether (USDT)
0,847625
bitcoin-cashBitcoin Cash (BCH)
431,57
litecoinLitecoin (LTC)
117,79
bitcoinBitcoin (BTC)
28,932.75
ethereumEthereum (ETH)
1,662.16
tetherTether (USDT)
0.724950
bitcoin-cashBitcoin Cash (BCH)
369.11
litecoinLitecoin (LTC)
100.75

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin39,885 0.08 % 1.80 % 23.16 %
Ethereum2,291.8 0.15 % 0.07 % 14.37 %
Tether1.000 0.39 % 0.44 % 0.11 %
Binance Coin311.74 0.50 % 0.48 % 6.09 %
Cardano1.280 0.08 % 0.69 % 8.76 %
XRP0.7157 1.01 % 11.67 % 24.75 %
USD Coin0.9991 0.15 % 0.37 % 0.85 %
Dogecoin0.2074 0.54 % 1.78 % 8.25 %
Polkadot14.46 0.13 % 1.63 % 16.62 %
Binance USD0.9990 0.12 % 0.39 % 0.83 %

bitcoin
Bitcoin (BTC) $ 40,113.00
ethereum
Ethereum (ETH) $ 2,301.90
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 314.63
cardano
Cardano (ADA) $ 1.28
xrp
XRP (XRP) $ 0.710650
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.208663
polkadot
Polkadot (DOT) $ 14.93
binance-usd
Binance USD (BUSD) $ 1.00