- A Florida man used his tax liability to purchase Bitcoin, opting for an IRS payment plan to pay the debt over three years.
- The Internal Revenue Service (IRS) states its payment plans are for taxpayers who cannot pay, not for those who choose not to.
- Legal precedent indicates his intentional late payment may be a misdemeanor but likely not felony evasion, which requires an affirmative act to avoid payment.
A Florida social media user gained over 700,000 views online by revealing his strategy of delaying his tax payments to invest in bitcoin (BTC) instead. He posted on June 8, 2026 that he “stopped paying taxes from my paycheck and bought BTC instead” and is now repaying the debt under a three-year IRS agreement. The man believes the government’s 7.55% penalty interest is a reasonable cost for potential gains from Bitcoin’s price appreciation.
Consequently, this approach turns a personal obligation into a speculative financial tactic dubbed “Creative accounting.” However, the IRS website clearly frames its payment options, with text at the application page stating “If you can’t pay what you owe” you can apply for a plan. This condition is reiterated across its official guidance.
Legal analysts note that willful failure to pay under 26 U.S. Code § 7203 is a misdemeanor. However, a felony conviction for evasion, as established in Spies v. United States, requires proof of an affirmative act to conceal income or assets. The Florida man asserts his actions are permissible, stating “This has been legal for many years.”
Meanwhile, he indicated he would likely repeat the strategy in future tax years. When questioned if others were doing the same, he confirmed “Yes and I’m not the only person to do this either.”
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