pavvappav, not sure how youre missing the fact that Prohashing does not employ us. Pro-hashing believes they do, hence the 1099 forms. It then follows that the requirements for reporting and withholding NRA income and tax would need to be followed as well. Failure to do so exposes PH to the liabili...

So far our plan is not to issue the forms to international customers. While that might change if we hear otherwise, I haven't been advised that international customers are affected. Understood. I included the links to IRS regulations to cite my sources. With penalties for failing to report income p...

On a tangential note -- It is probably best to also remind people here that the 1099 being issued by PH will also form the basis to assess self-employment taxes in addition to income taxes. Self-employment tax estimates must be paid quarterly. The self employment taxes are in addition to your income...

Ask your lawyer how he will handle the lawsuit for false reporting to the IRS when you send somebody a 1099 which says you paid them $1000 but you have no proof of payment since you never sent them a check for $1000. If you are issued a official document, such as a 1099, that you feel is false, you...

Steve and Chris, you need a different lawyer. The guy you hired is in left field on this one. We are just using your software with our own equipment and you pay us nothing, we pay you a fee. Like a cloud service such as Amazon Web services. Amazon doesn't send out 1099 to subscribers. Thats the thi...

1099 forms have to be issued to users; there isn't any other way we are willing to operate. While I don't think that many people will leave, I'm sure you can understand that it would be better for the business to fold than for us not to issue these forms. We'll be requesting addresses and names beg...

1099 forms have to be issued to users; there isn't any other way we are willing to operate. While I don't think that many people will leave, I'm sure you can understand that it would be better for the business to fold than for us not to issue these forms. We'll be requesting addresses and names beg...

So be illegal miners, declare yourself as international miners. No data will be required and nothing will be mailed to you. If you want to lie to the pool then I would guess the pool just can't be held responsible when the IRS comes back and asks them later why they didnt send you the required 1099...

1099 forms have to be issued to users; there isn't any other way we are willing to operate. While I don't think that many people will leave, I'm sure you can understand that it would be better for the business to fold than for us not to issue these forms. We'll be requesting addresses and names beg...

Litecoin difficulty went from about 1800k to 2600k yesterday. Difficulty will go up about another 200k in 3 days. 1 week ago difficulty was at about 1400k. In less then two weeks that means difficulty would have doubled. Essentially, Scrypt mining is in the same death spiral as X11, but the killing ...