'Bitcoin Jesus' agrees to pay nearly $50 million in back taxes to avoid criminal case

"[c]ompletely hypothetically speaking, what would the ramifications be if I were to have had 200,000 [bitcoins] at the time of my renunciation?"

"third party who [had] no personal interest in the tax implications of the appraisal,"

"I actually have all the information you need to make it super easy for you. I would just need to expla"

Roger Ver renounced U.S. citizenship in 2014 and moved to St. Kitts and Nevis. At the time of expatriation, Ver owned roughly 131,000 bitcoins personally or through companies, with bitcoin valued around $871 each. U.S. law required an exit tax on capital gains, and prosecutors allege Ver provided false or misleading information to a law firm and an appraiser about the number of bitcoins he owned. Ver exchanged unclear or hypothetical responses when asked for precise holdings. A lawyer advised obtaining an appraisal from a disinterested third party. Ver agreed to pay nearly $50 million to the IRS to resolve the criminal case.

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