Bitcoin avoid taxes

It's 364 days until most Americans will once again face a deadline to file their taxes,but Teresa Warmke already has a plan for Tax Day 2014: She's going to skip the whole thing.

The treasurer of a limited liability company,Warmke has struck on what she celebrates as a novel way to avoid any audit trail -- and thereby any liabilities to Uncle Sam. Goodbye American dollar,hello bitcoin.

“We don’t intend to file tax paperwork any more, ” Warmke told The Huffington Post Monday,as many others scrambled to fill out tax forms or stood in long lines at the post office. “We’re not going to do business with the government from now on.”

Warmke is the treasurer of Fre33 Aid,an organization that provides unpaid first aid services at large libertarian political rallies. For example,volunteers have been in charge of treating the poison oak rashes and campfire burns of attendees at the Porcupine Freedom Festival,a yearly libertarian jamboree in northern New Hampshire,since 2011.

According to Warmke,Fre33 Aid uses small donations to transport,train,and sometimes house dozens of medical tent volunteers. But the organization is set up as a limited liability company,not a tax-exempt nonprofit,Warmke said,which means it owes taxes on any donations. She said the organization applied for tax-exempt status last year,but was told to re-organize as a different kind of corporation instead.

“We saw that it was going to be a hassle, ” Warmke said. “It involved filing a lot of paperwork,more fees,updating our by-laws and dealing with our bank accounts. We just didn’t think it was worth our time.”

Instead,Fr33 Aid said in a statement Monday that it would encourage people to donate in bitcoins,the virtual currency,and would convert any donations made in dollars into bitcoins "in order to mitigate risk of asset confiscation by the IRS."

“The government can tell us [to] pay in the future, ” Warmke said. “I would say,good luck to them trying to enforce that requirement. It’s not going to be very easy.”