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[regulation] infrastructure bill, reporting requirements for the IRS, provision 6050I

[regulation] infrastructure bill, reporting requirements for the IRS, provision 6050I



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2 Comments

  1. In my opinion two beltway lawyers who represent shitcoin organizations trying to make a name for themselves out of nothing. SOP for any transaction valued over 10k. Actually normalizes BTC.
    (a)Cash receipts of more than $10,000
    Any person—
    (1)who is engaged in a trade or business, and
    (2)who, in the course of such trade or business, receives more than $10,000 in cash in 1 transaction (or 2 or more related transactions).

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