Search found 9 matches

by overlordx
Thu Jan 04, 2018 1:23 am
Forum: System support
Topic: 2018 Taxes on Trades - Boooo
Replies: 42
Views: 20660

Re: 2018 Taxes on Trades - Boooo

Another issue to consider is without Form W-9s from the Miners how is the Mining Pool going to issue 1099s? Exactly, how is a 1099 going to be issued? The forms will be mailed to the address you submit on the "settings" page, if you state that you are a US customer. Otherwise, you won't r...
by overlordx
Mon Jan 01, 2018 8:20 pm
Forum: System support
Topic: 1099-MISC for and Automatic Withholding for non-us persons.
Replies: 1
Views: 1537

Re: 1099-MISC for and Automatic Withholding for non-us persons.

Based on the information on the "1099-MISC" section of the help, the decision to provide 1099 forms to us persons was based on the 2014 guidance from the IRS, specificly Q13 is referenced. The last sentence of Q13 and the entirety of Q14 cover payment of virtual currencies to contractors ...
by overlordx
Mon Jan 01, 2018 8:00 pm
Forum: System support
Topic: 2018 Taxes on Trades - Boooo
Replies: 42
Views: 20660

Re: 2018 Taxes on Trades - Boooo

Slightly offtopic, but I can't seem to submit that form when I indicate that I live outside the US (which I do). It just doesn't save, next time I load the page it's back to "please complete.." The help section for the w-9 information for the 1099-MISC form states: "United States IRS...
by overlordx
Mon Jan 01, 2018 5:07 am
Forum: System support
Topic: 2018 Taxes on Trades - Boooo
Replies: 42
Views: 20660

Re: 2018 Taxes on Trades - Boooo

Comparing real estate rentals to mining pools seems to be a "round peg in a square hole" analogy. As I understand the business model of Prohashing, we (i.e. the Miners) are independent contractors who provide services to the mining pool. We select the particular currency for payment and pa...
by overlordx
Sun Dec 31, 2017 3:03 am
Forum: System support
Topic: 2018 Taxes on Trades - Boooo
Replies: 42
Views: 20660

Re: 2018 Taxes on Trades - Boooo

yes that should be correct only once you take control of the coins, how they are shuffled before you are paid out isnt your concern and you dont do the trades you as a miner we should never be subjected to short term capital gains made on trading to receive the coins, only once you have them in a w...
by overlordx
Sat Dec 30, 2017 11:13 pm
Forum: System support
Topic: 2018 Taxes on Trades - Boooo
Replies: 42
Views: 20660

Re: 2018 Taxes on Trades - Boooo

I am an attorney in Florida and a miner. I wrote a short article on my website about taxes on mining rewards. The link is centralfloridaattorney.net/cryptocurrency-mining-rewards/ I need to verify whether Congress approved a particular Bill, but if they did then there will be a "de minimus"...
by overlordx
Fri Dec 22, 2017 12:06 pm
Forum: Development Discussion and Feedback
Topic: Website Wishlist
Replies: 135
Views: 684840

Re: Website Wishlist

For those miners living in the U.S., and probably other places, it would be extremely useful for the Account Activity to include various data for income tax reporting.
by overlordx
Fri Dec 22, 2017 9:21 am
Forum: Development Discussion and Feedback
Topic: Website Wishlist
Replies: 135
Views: 684840

Re: Website Wishlist

Block Explorer suggestions:

1. Add search by field to the Block Explorer
2. Add Algorithm type to the Block Explorer
3. Add a link to the Official Website for each Cryptocurrency in the Block Explorer
by overlordx
Wed Dec 20, 2017 11:58 am
Forum: System support
Topic: Login Issue: Two-Factor Codes Not Sent
Replies: 1
Views: 1354

Login Issue: Two-Factor Codes Not Sent

Is there any reason that Two-Factor Codes are not being sent?

I am not logged in the system and am not receiving sms two-factor code. How can I log in?

Finally!!!