Form 1099-K for 2011

[em3rgentOrdr]

With all due respect, Peter Thiel doesn't run it anymore.

Ok...that explains a lot.

[Zerbie]

Wonder if you can refuse to use FRN's and pay the taxes in BTC's instead.  If the government wants, it can turn them back into FRN's.  But the cool thing would be the legitimization of an alternative currency.

[em3rgentOrdr]

Wonder if you can refuse to use FRN's and pay the taxes in BTC's instead.  If the government wants, it can turn them back into FRN's.  But the cool thing would be the legitimization of an alternative currency.

Time to start a poll: who will be the first government to start accepting bitcoin as payment for taxes?

[markm]

The government of the Hacker nation on the planet known as B13, colloqially known as "Bitcoin" or "Planet Bitcoin".

Next poll: who will be the first to *pay* such taxes, and how does anyone know that 1FZRuiMdiaeuYLDpTgKEpZFXJqx8tzKxUf is the right address to send them to?

Even if they published such an address, how do we know they will actually credit such payments against such taxes?

-MarkM-

[Anonymous]

Live outside the US so you dont have to file a form?

[markm]

In my experience the U.S. seems to tend to want a form officially affirming I am not from the U.S. and further something about how much business I actually do in the U.S. or how totally I can really claim to not be U.S. or something like that. That might have been about some other form than the one discussed here but was something someone did need for me to do business with them due to they themselves were in the U.S.

-MarkM-

[Anonymous]

In my experience the U.S. seems to tend to want a form officially affirming I am not from the U.S. and further something about how much business I actually do in the U.S. or how totally I can really claim to not be U.S. or something like that. That might have been about some other form than the one discussed here but was something someone did need for me to do business with them due to they themselves were in the U.S.

-MarkM-

I know with commission junction and other types of sites they get you to fill out that form.

Its like they dont want anyone investing in the country ....

[markm]

Quote "Its like they dont want anyone investing in the country ...."

Since with CJ et al it's about them paying me "affiliate commissions", it seems in such cases more about the U.S. doesn't want them investing in potentially anti-U.S. terrorists.

(Or who knows, maybe any terrorists, even pro-U.S. terrorists. What is the likelihood of that? Hmm...)

-MarkM-