They will criminalize everything they can with rules that are impossible to comply with.
Discussion
Send your SSN with the payment. That makes absolute sense. I don’t know why we don’t just do that with every transaction. Not like it’s important or anything.
Yes, it’s very logical to provide the one piece of information that follows you for life and can be used to steal your identity and ruin your credit score to everyone you do business with.
Stupid laws are ignored.
The. End.
One better not post an address online because if someone really wants to fuck with you, they could just simply send $10k worth of Bitcoin to your wallet and watch you scramble to figure out who sent the freaking money and why.
All of this stuff is about self-policing.
They want you to police yourself on their behalf because they don’t have the resources to do any of the shit they’re claiming.
Tell them to GFY and start building guillotines in your back yard in case they want to take it further.
This is the correct response
So what happens if someone anonymously donates more that $10k?
> The Infrastructure Investment and Jobs Act, which passed Congress in November of 2021, included a provision amending the Tax Code to require anyone who receives $10,000 or more in cryptocurrency in the course of their trade or business to make a report to the IRS about that transaction.
What is a 'trade or business' according to the IRS?
26 USC 7701(a)(26)
The term “trade or business” includes the performance of the functions of a public office.