[fnord_too]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I talked to my accountant about this sometime back.

[/ QUOTE ]

You need a new accountant. This is not only wrong, it is is ridiculous.

[/ QUOTE ]

There aren't very many people in this world I trust very much, but this guy has saved me thousands. Without specifics, your post is ridiculous. Make a reasonable argument.

[/ QUOTE ]

Just a quick skim of your OP: income is MOST CERTAINLY counted before it is cashed out. I asked a tax attorney about that possible angle like 4 years ago. I got pretty much the answer I expected. (That is, it is counted if you are obeying the law and not counting on lack of traceability to protect you, but then you are just evading and hoping you don't get caught).

The other stuff about it being effectively like any other business looks ok.