Receiving bitcoin donations through my website - page 2.

BADecker

legendary

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Since your name isn't in the laws regarding crypto taxpayers, none of the crypto tax laws apply to you. In fact, all the info in all the US tax laws applies to 'persons'. In law, persons are not people until the people accept that they are persons.

So, you are not a taxpayer... except when you have accepted that application of that term to yourself. If you are not a person or a taxpayer, what are you? Simple. You are a man or a woman, right? Tax laws can't be made to apply to men and women who are not persons, because doing such is not constitutional.

Laws are very precise. They don't assume anything. They mean what they say. Don't let a government 'salesman' talk you into being a person rather than, or in addition to, being a man or woman.

Search on 'offer and acceptance' in law. Anybody who tells you that you are a person on any government form is making an offer for you to accept what they say. Do not accept, right from the start.

Cool

jrrsparkles

sr. member

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Hire Bitcointalk Camp. Manager @ r7promotions.com

To OP, you don't get to choose who can send to an address, anyone can as long as they have BTC and the address, you no need to worry about receiving if it's actually donations and not just a coverup or laundering the money to avoid taxes, right?

But you can stop using them if you want to, by using coin control feature that can be used to freeze specific UTXOs.

Volimack

member

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★Bitvest.io★ Play Plinko or Invest!

Quote from: remifa287 on April 23, 2024, 05:13:21 PM

Hello. For some reason I'm really not sure if I already know the answer or not. Still learning.

If I am receiving some small bitcoin donations - 15,000 to 35,000 sats per donation, then how do I know if that donation is from a KYC exchange or a non-KYC exchange?

Does the answer depend on the address of the sender?

I'm still a bit confused about this. I don't want to mix up my KYC and non-KYC coins.

Thanks

When the bitcoin is donated you will understand yourself if the exchange is kyc or not then you will be asked to kyc. As far as I understand both wallets you can use all wallets for donation are same capacity or don't want to mix kyc and non-kyc coins so using separate wallets for kyc and non-kyc donation can keep donation in different ways.

btc78

full member

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Quote from: remifa287 on May 23, 2024, 05:26:15 PM

No, I'm not doing anything wrong or illegal. I simply don't trust that my government, the same one inflating my dollar, has my best interests at heart. I don't want any government telling me how, when, and where to spend my money or currency. If I want to buy a 'Snickers' bar or a loaf of bread, or a gallon of gas, then that's MY business, not the government's. I don't trust banks either now that they are closing accounts based on adherence to their corporate ideology.

I am sure many of us in here share the same sentiment. I’m still curious though what is the real purpose of having to separate kyc to non-kyc donated bitcoins? If not tax evasion then what are you doing with separated bitcoins?

Anyway maybe you can provide different wallets each for kyc and non-kyc donations so that you don’t have to separate each donation yourself. Just let donators donate to a specific wallet based on what wallet they use.

Vod

legendary

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Licking my boob since 1970

Quote from: remifa287 on April 23, 2024, 05:13:21 PM

If I am receiving some small bitcoin donations - 15,000 to 35,000 sats per donation, then how do I know if that donation is from a KYC exchange or a non-KYC exchange?

For tax purposes, you should declare all income, not just income from tracked sources.

Like boyptc said, you'll just put stress on yourself trying to seperate the two.

remifa287

newbie

Activity: 10

Merit: 0

Quote from: kotajikikox on April 24, 2024, 08:50:45 PM

Quote from: remifa287 on April 24, 2024, 07:29:13 PM

To STINKYBEE, that's definitely something I should look at. I didn't know that KYC exchanges were so transparent. That's kinda the opposite of privacy, eh? I'm thinking that maybe I can keep KYC donations in a separate wallet AWAY FROM my non-KYC donations. Thanks.

But can you give us at least a brief reason why you need to do that? are you into something to hide from the government? sorry because just now that i have heard this kind of stuff in which we are talking about donation here and for me we should be thankful to that donor no matter where they get the funds because you have received that in your wallet so if those are from crimes/hacking then you need to explain that to the authority no matter what.

No, I'm not doing anything wrong or illegal. I simply don't trust that my government, the same one inflating my dollar, has my best interests at heart. I don't want any government telling me how, when, and where to spend my money or currency. If I want to buy a 'Snickers' bar or a loaf of bread, or a gallon of gas, then that's MY business, not the government's. I don't trust banks either now that they are closing accounts based on adherence to their corporate ideology.

You don't have to answer my question, but I am a firm supporter of Bitcoin and understand what it affords me. I will navigate these bitcoin softwares as best I can. Good day.

Vod

legendary

Activity: 3668

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Licking my boob since 1970

Quote from: remifa287 on April 23, 2024, 05:13:21 PM

I don't want to mix up my KYC and non-KYC coins.

Why? If you only want to pay taxes on KYC coins, that would be illegal. Since this is not a darkweb pirate-type forum, giving you direction could incriminate us with whatever you do.

kotajikikox

full member

Activity: 2590

Merit: 228

Quote from: remifa287 on April 24, 2024, 07:29:13 PM

To STINKYBEE, that's definitely something I should look at. I didn't know that KYC exchanges were so transparent. That's kinda the opposite of privacy, eh? I'm thinking that maybe I can keep KYC donations in a separate wallet AWAY FROM my non-KYC donations. Thanks.

But can you give us at least a brief reason why you need to do that? are you into something to hide from the government? sorry because just now that i have heard this kind of stuff in which we are talking about donation here and for me we should be thankful to that donor no matter where they get the funds because you have received that in your wallet so if those are from crimes/hacking then you need to explain that to the authority no matter what.

remifa287

newbie

Activity: 10

Merit: 0

To STINKYBEE, that's definitely something I should look at. I didn't know that KYC exchanges were so transparent. That's kinda the opposite of privacy, eh? I'm thinking that maybe I can keep KYC donations in a separate wallet AWAY FROM my non-KYC donations. Thanks.

STINKYBEE

jr. member

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Edited out.

boyptc

hero member

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Bitcoin = bitcoin.

Whatever you receive and wherever they are, it won't really matter at all. This is the kind of topic that's the same about tainted and not tainted Bitcoins which is concerning some.

But to be honest, you shouldn't be too worried whether they are from kyc/non kyc exchanges.

What if people tripping you sending you these donations from both ends? you'll just putting a lot of stress to yourself.

remifa287

newbie

Activity: 10

Merit: 0

Hello. For some reason I'm really not sure if I already know the answer or not. Still learning.

If I am receiving some small bitcoin donations - 15,000 to 35,000 sats per donation, then how do I know if that donation is from a KYC exchange or a non-KYC exchange?

Does the answer depend on the address of the sender?

I'm still a bit confused about this. I don't want to mix up my KYC and non-KYC coins.

Thanks

Topic: Receiving bitcoin donations through my website - page 2. (Read 346 times)