A Florida man explains how he intentionally delayed paying his taxes in order to buy more Bitcoin, earning over 700,000 views on X ($BTC).
He seems to think the 7.55% annual penalty imposed by the Internal Revenue Service (IRS) on his tax “payment plan” will be a factor. $BTC Because he believes it is wise to make smart trades instead of paying taxes on time $BTC It gathers more than that.
He said of his actions, “I stopped paying taxes from my paycheck and bought money.” $BTC Instead. “He has since applied for a tax plan and is paying off the balance over three years, including what he considers to be a modest penalty.
He claimed that he got an “A” by intentionally delaying his tax payments. $BTC A personification of a financial company. ”
Last year, I stopped paying taxes from my salary. $BTC Instead.
I paid my taxes in April. I didn’t pay anything and waited for them to contact me.
Today I received a notice from the IRS that I owe money. I’ve been waiting for this. I am choosing to pay over 36 months instead… pic.twitter.com/xAdH2Gtxnb
— Hermes Lux (@HermesLux) June 8, 2026
IRS Payment Plans: “If You Can’t Pay”
Only the U.S. government has enforcement authority for misdemeanor actions under 26 U.S.C. § 7203, “Willful Failure to Tax Taxes.”
The IRS website will certify payment plans repeatedly, provided both short-term and long-term payment plans apply. For those who cannot pay by the due date.
IRS Topic Number 202 states, “If you are unable to pay the full amount immediately, you may be granted an additional grace period.”
Additionally, “If you are unable to pay your balance in full immediately or within 180 days, you may be eligible for a monthly payment plan.”
Protos staff wanted to ensure that this declaration was displayed on the website at the time of application. In fact, at irs.gov/payments (the logged-in version where taxpayers apply for a payment plan), the following text appears just above the “Apply for a Payment Plan” button: “If you can’t pay what you owe, you have options: Apply for a payment plan.”
in this state Willingness to pay, not ability to pay It is repeated throughout the IRS website.
The IRS reiterates on its FAQ page, “If you are unable to pay the full amount owed, pay what you can and explore online payment options by visiting IRS.gov/payments.”
Use tax planning for financing $BTC buy
A Florida man posted that he stopped paying taxes and went shopping. $BTC Instead. He filed his return in April, paid nothing, and just sat and watched what would happen. When he was notified by the IRS that his taxes were delinquent, he wrote, “I’ve been waiting for this.”
His actions have another name. When asked about this strategy, Lux called it “creative accounting.” He retweeted an interesting tax expert’s claim that “U.S. Treasurys are cheaper than HELOCs.”
Texas investor sentenced to 2 years in hiding $BTC Profits obtained from tax office
Despite obvious concerns, the man insists there’s nothing wrong with this.
For those who are skeptical about the law, he told them, “This has been legal for years, but it’s now easier thanks to the very easy-to-use IRS web forms.”
In a 1943 Supreme Court case Spy vs. United States, The court held that willfully failing to pay taxes is itself a misdemeanor. A felony conviction requires active evasion, or intent not to pay.
The court reiterated that point in a 1965 case. Sansone v. United States, Confirm that tax evasion requires a positive intention not to pay.
So a Florida man who intended to simply pay taxes over time, rather than not paying them at all, probably not committed any serious crime. The only question is whether the act could amount to a misdemeanor.
When asked if he would pursue this payment plan in the future, he replied, “Probably.”
When asked if he really did it, he confidently answered: “Yes. And I’m not the only one who did this.”
