Nostr Web Client

Ali wanna see how they handle refunds and corporate taxes.

Currently a zero tax applied on the product, but that's maybe not in violation of the state. Idk whose liable for that tax burden, but someone's going to pay Uncle Sam.

nostr:nevent1qqs8juezzmk5u73t4sk7t97g5jx2n4pznc0y827jjvjys7r65f2eezcprdmhxue69uhhg6r9vehhyetnwshxummnw3erztnrdakj7q3qvwymuey3u7mf860ndrkw3r7dz30s0srg6tqmhtjzg7umtm6rn5eqxpqqqqqqz9y28n2

Joel Walbert 7mo ago

The no tax is due to not all states having a sales tax so that's not an issue. But under IRS guidelines, a person technically must report all crypto transactions including the original purchase price and the price when it was sold / transacted. Not sure how well they track it though.

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Discussion

S!ayer 7mo ago

I don't think Shake Shack would handle it, they probably use a third party to "handle that bitcoin stuff" -

Joel Walbert 7mo ago

As far as whatever business, yea they gonna have to make sure everything logged right. For the purchaser, for small transactions like this the IRS would never know. We're still somewhat at a voluntary self reporting situation.

S!ayer 7mo ago

give it a month