St_Diogenes on Nostr: USSA: New bitcoin requirement, as of Jan 1, 2024: "...any individual or business who ...
USSA: New bitcoin requirement, as of Jan 1, 2024:
"...any individual or business who receives $10,000 or more worth of bitcoin is now required to report the transaction along with the name, address, social security number, and other personal identifiable information of the person or business who sent the transaction to the IRS within 15-days. If you do not report the transaction along with the information of your counterpart, you are at risk of being charged with a FELONY."
https://tftc.io/irs-bitcoin-transaction-reporting/
"...any individual or business who receives $10,000 or more worth of bitcoin is now required to report the transaction along with the name, address, social security number, and other personal identifiable information of the person or business who sent the transaction to the IRS within 15-days. If you do not report the transaction along with the information of your counterpart, you are at risk of being charged with a FELONY."
https://tftc.io/irs-bitcoin-transaction-reporting/