Not sure if someone told you yet by the way, but there's a 'laptop' for sale which only shows a picture of a mouse.
I was not aware of thisWould you mind PMing me the link to this product so i can have this fix?
Done.
Topic: Buy anything from my store and get paid 1 BTC (Read 2848 times)
Would you mind PMing me the link to this product so i can have this fix?
Done.
What you say is true but still there would be no way to know how much bitcoin someone made from a sale of goods unless the person kept records on it.
... and what I'm saying is that from my 3rd party experience with the BOE in California, it sounds like they're not averse to just making shit up if you can't produce figures they like. So "no proof" isn't really a defense at all, and it's not exactly "innocent until proven guilty" with them either, the onus is on you to cover your ass.
Well california sucks anyway, I give it another 5 years and will be little more than an extention of mexico...
What you say is true but still there would be no way to know how much bitcoin someone made from a sale of goods unless the person kept records on it.
... and what I'm saying is that from my 3rd party experience with the BOE in California, it sounds like they're not averse to just making shit up if you can't produce figures they like. So "no proof" isn't really a defense at all, and it's not exactly "innocent until proven guilty" with them either, the onus is on you to cover your ass.
lol not trying to troll you im just saying, unless california has implemented some new law and has the technology and the man power to pull it off to actually tax your btc income then NO its not taxable...
Im not sure what the state tax forms look like but im looking at the federal 1040 right now and NOWHERE do i see "BITCOIN" anywhere on it....
Im not sure what the state tax forms look like but im looking at the federal 1040 right now and NOWHERE do i see "BITCOIN" anywhere on it....
.... of course you don't, because your taxes are due in USD? If your argument is that because the IRS don't ask about it, that you don't owe it - that's fucking stupid. You're supposed to pay tax on barter as well, you're supposed to figure out the USD value of whatever you bartered and claim it accordingly. Personally as far as income tax goes, I would just claim the amounts of the conversions to USD that you have to make, and for fuck's sake don't keep any books in BTC in case you get audited. However, there's something to be said about taking tax advice off the internet - it's worth about what you paid for it. If OP makes more than a few hundred bucks off this venture he really should go speak to a tax accountant/attorney instead.
As I said, the California State Board of Equalization are animals - they make the IRS look like a bunch of free-love hippies. They have zero qualms about putting a ramen-profitable small business out of business if the state doesn't think it's getting it's "fair" share.
But by all means, dodge all the taxes you like, just don't go telling people it's a good idea - particularly not when they live in California.
What you say is true but still there would be no way to know how much bitcoin someone made from a sale of goods unless the person kept records on it.
Bitcoins aint cash the only trail they leave is in the block chain and good luck keeping track of that lol.
I agree with what you say, its best you go ahead and do your taxes even if in reality there would be little evidence to prove a sale ever took place anyway lol.
lol not trying to troll you im just saying, unless california has implemented some new law and has the technology and the man power to pull it off to actually tax your btc income then NO its not taxable...
Im not sure what the state tax forms look like but im looking at the federal 1040 right now and NOWHERE do i see "BITCOIN" anywhere on it....
Im not sure what the state tax forms look like but im looking at the federal 1040 right now and NOWHERE do i see "BITCOIN" anywhere on it....
.... of course you don't, because your taxes are due in USD? If your argument is that because the IRS don't ask about it, that you don't owe it - that's fucking stupid. You're supposed to pay tax on barter as well, you're supposed to figure out the USD value of whatever you bartered and claim it accordingly. Personally as far as income tax goes, I would just claim the amounts of the conversions to USD that you have to make, and for fuck's sake don't keep any books in BTC in case you get audited. However, there's something to be said about taking tax advice off the internet - it's worth about what you paid for it. If OP makes more than a few hundred bucks off this venture he really should go speak to a tax accountant/attorney instead.
As I said, the California State Board of Equalization are animals - they make the IRS look like a bunch of free-love hippies. They have zero qualms about putting a ramen-profitable small business out of business if the state doesn't think it's getting it's "fair" share.
But by all means, dodge all the taxes you like, just don't go telling people it's a good idea - particularly not when they live in California.
Not sure if someone told you yet by the way, but there's a 'laptop' for sale which only shows a picture of a mouse.
I was not aware of thisWould you mind PMing me the link to this product so i can have this fix?
Not sure if someone told you yet by the way, but there's a 'laptop' for sale which only shows a picture of a mouse.
Okay so scince I'm not getting any takers, I will pay for the whole product of any mouse on my website that is a total of 1BTC(before shipping).
All you must do it order it, press check out, send in the BTC and I will refund your money in full! not only that I will still purchase the mouse and have it shipped to your house!!!
(this offer will not including getting paid 1BTC)
All you must do it order it, press check out, send in the BTC and I will refund your money in full! not only that I will still purchase the mouse and have it shipped to your house!!!
(this offer will not including getting paid 1BTC)
I do however have
3 | 5780's http://cheaperinbitcoins.com/product.php?productId=2513
1 | 5770 http://cheaperinbitcoins.com/product.php?productId=2514
2 | GTX 560's http://cheaperinbitcoins.com/product.php?productId=2515
3 | 5780's http://cheaperinbitcoins.com/product.php?productId=2513
1 | 5770 http://cheaperinbitcoins.com/product.php?productId=2514
2 | GTX 560's http://cheaperinbitcoins.com/product.php?productId=2515
so a radeon 5850 for 16.68 btc on your site.. is this site legit? I don't want to be scammed. Can anyone vouch for this site or this guy?
I just queried my supplier for that product and it looks like that was the last one.
damn, i procrastinated to long
so a radeon 5850 for 16.68 btc on your site.. is this site legit? I don't want to be scammed. Can anyone vouch for this site or this guy?
I just queried my supplier for that product and it looks like that was the last one.
I'm a pretty respected community member(i like to think anyways) I went out on a limb to making MiningFarm and ended up obtaining the bounty for it.
There is currently 12 BTC invested on GLBS Ehttp://charts.glbse.com/markets/CIB-Solutions.html
lol not trying to troll you im just saying, unless california has implemented some new law and has the technology and the man power to pull it off to actually tax your btc income then NO its not taxable...
Im not sure what the state tax forms look like but im looking at the federal 1040 right now and NOWHERE do i see "BITCOIN" anywhere on it....
Im not sure what the state tax forms look like but im looking at the federal 1040 right now and NOWHERE do i see "BITCOIN" anywhere on it....
OH kay, yeah no i do not tax my income, i only tax my products. I just didn't put it on the development list during development of my site to to not tax customers out side of California. I hope to have this implement within the next couple of days(this feature will need lots of testing).
Could you change the font? I don't know about other people, but it drives my eyes bonkers reading it in descriptions. I actually copied it to notepad.
I would have to agree - the description part of the products font is huge with very little spacing (line spacing)
Okay I just uploaded diff style for the fonts and i trimed the titles so they aren't getting mixed in with product descriptions
so a radeon 5850 for 16.68 btc on your site.. is this site legit? I don't want to be scammed. Can anyone vouch for this site or this guy?
lol not trying to troll you im just saying, unless california has implemented some new law and has the technology and the man power to pull it off to actually tax your btc income then NO its not taxable...
Im not sure what the state tax forms look like but im looking at the federal 1040 right now and NOWHERE do i see "BITCOIN" anywhere on it....
Im not sure what the state tax forms look like but im looking at the federal 1040 right now and NOWHERE do i see "BITCOIN" anywhere on it....
I don't think you need to charge a tax if you are only accepting BTC as payment. BTC isint taxable....
lol BTC would be technically impossible to tax. the government wouldent have the resources to go rummaging through the block chain trying to figure out what went where lol.
lol BTC would be technically impossible to tax. the government wouldent have the resources to go rummaging through the block chain trying to figure out what went where lol.
Regardless, I have sell things by purchasing them with $$$ so I'm technically required by law. Its a fine line which I'm not ready to test the waters yet(nor do I plan on it) Some big billionaire can make a biz and evade taxes and test the government if they care about it or not, but by California state law I'm required to record all invoices accurately as well as apply 7.25% tax on all purchases. They will want to know what I did with all the money.....
Just think about it this way...
if goats were currency...
and someone paid me 20 goats for a video card, but my suppliers don't accept goats as payment....
So i sell my goats into dollars($$$) through the MT.Goats exchange,
i purchase the video card from suppliers with that money and then hand the video card to the customer....
Basically what just happened is that everyone got paid except for the california....
we all know what happens when you piss off the government.
it really isn't that big of a deal I'm working on getting zip code recongintion so no tax is applied when purchasing out side of california. Like someone else suggested I could use my "store credit" feature to give back the money in the mean time.
You would have to pay taxes on the stuff you bought that your selling but your BTC income is not taxable.
You won't find anywhere on a federal income tax form 1040 about bitcoins.
Oh rly? bird says....
I'm not a typical amateur(im no pro tho either) i have a lot of business failures(not enough capital) under my belt thanks for your concern mate!
I don't think you need to charge a tax if you are only accepting BTC as payment. BTC isint taxable....
lol BTC would be technically impossible to tax. the government wouldent have the resources to go rummaging through the block chain trying to figure out what went where lol.
lol BTC would be technically impossible to tax. the government wouldent have the resources to go rummaging through the block chain trying to figure out what went where lol.
Regardless, I have sell things by purchasing them with $$$ so I'm technically required by law. Its a fine line which I'm not ready to test the waters yet(nor do I plan on it) Some big billionaire can make a biz and evade taxes and test the government if they care about it or not, but by California state law I'm required to record all invoices accurately as well as apply 7.25% tax on all purchases. They will want to know what I did with all the money.....
Just think about it this way...
if goats were currency...
and someone paid me 20 goats for a video card, but my suppliers don't accept goats as payment....
So i sell my goats into dollars($$$) through the MT.Goats exchange,
i purchase the video card from suppliers with that money and then hand the video card to the customer....
Basically what just happened is that everyone got paid except for the california....
we all know what happens when you piss off the government.
it really isn't that big of a deal I'm working on getting zip code recongintion so no tax is applied when purchasing out side of california. Like someone else suggested I could use my "store credit" feature to give back the money in the mean time.
You would have to pay taxes on the stuff you bought that your selling but your BTC income is not taxable.
You won't find anywhere on a federal income tax form 1040 about bitcoins.
if you really want me to prove that bitcoins are ment to help fight against identity theft...
Haha, I was thinking more "bitcoin not meant to evade government" but in another thread, another time, perhaps
Thanks for the link anyway.
haha for sure mate.
Don't listen to those shitheads, Bitcoin's taxability has nothing at all to do with the price of fish in kenya.
You're in California? I've known friends who've had run-ins with the State board of Equalization there, and they're animals... if they suspect you're fucking the state over at all, or that your numbers don't add up, they will make up numbers based off any equivalent business they can find. You're doing the right thing by paying your taxes, though if you can't make it not charge out of staters I would tack a tiny bit onto your prices to cover the average number of California buyers and remove the sales tax from the site, and "eat" the sales tax for anyone buying from California.
AFAIK "charging" sales tax that's not owed and not paying it to the state is even worse than not paying sales tax you actually owe.
You're in California? I've known friends who've had run-ins with the State board of Equalization there, and they're animals... if they suspect you're fucking the state over at all, or that your numbers don't add up, they will make up numbers based off any equivalent business they can find. You're doing the right thing by paying your taxes, though if you can't make it not charge out of staters I would tack a tiny bit onto your prices to cover the average number of California buyers and remove the sales tax from the site, and "eat" the sales tax for anyone buying from California.
AFAIK "charging" sales tax that's not owed and not paying it to the state is even worse than not paying sales tax you actually owe.
Thanks for that awesome insight.
if you really want me to prove that bitcoins are ment to help fight against identity theft...
Haha, I was thinking more "bitcoin not meant to evade government" but in another thread, another time, perhaps
Thanks for the link anyway.
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