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why in chaturbate payour form do i need to give my address and pesonal info to get paid in bitcon ?
- Thread starter hujuio
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SaffronBurke
Cam Model
- Jan 3, 2013
- 19,430
- 64,064
- 3,093
- 35
- Twitter Username
- @Sweet_Saffron
- Tumblr Username
- saffronburke
- MFC Username
- SaffronBurke
- Streamate Username
- SaffronBurke
- Chaturbate Username
- SaffronBurke
- Clips4Sale URL
- http://clips4sale.com/store/62613/Saffron
It's required for any payment method. I get paid by direct deposit, I still have to give my address. And regardless of your payment method, they still need to send you a 1099 for your earnings so you can file taxes.
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do you know if you can have a friend to fill out the form and use his bank account ? i mean the model and the name in the payout form has to be the same ? thanks ...( i tried to get him to cam with me but his german driving licence was denied and idk what to do.. he doesnt have a passport )
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SaffronBurke
Cam Model
- Jan 3, 2013
- 19,430
- 64,064
- 3,093
- 35
- Twitter Username
- @Sweet_Saffron
- Tumblr Username
- saffronburke
- MFC Username
- SaffronBurke
- Streamate Username
- SaffronBurke
- Chaturbate Username
- SaffronBurke
- Clips4Sale URL
- http://clips4sale.com/store/62613/Saffron
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Mintx
Cam Model
Tax reasons. Don't lie or use someone else's info when it comes to forms the government is going to get.
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If the site finds out you are being fraudulent or atemptato do so, they will close your account and not pay you. Keep that in mind.
If you don't want anyone finding out about camming, dont cam.
If you don't want anyone finding out about camming, dont cam.
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D
Deleted member 43650
Guest
This; taxes. I work in finance; I manage TONS of crypto portfolios and do a lot of crypto day-trading on my own time. The IRS and SEC are taking very draconian positions toward crypto now that it's starting to see adoption and the gov is recognizing that blockchain tech actually has formidable scalability.
Chaturbate has to report their contractors' incomes, regardless of the medium. Bitcoin is legally considered 'property' and thus is a taxable asset - even when not converted to fiat currency e.g. if you trade Bitcoin for another crypto - say, Ethereum or Monero - you still have to pay taxes on any capital gains accrued.
Bitcoin is anonymous (well, pseudonymous, technically), but you still have to pay taxes on it.
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Bitcoin is not really antonymous; it is to all intents and purposes for Joe Ordinary, but it's not anon if they really really want to find out and have the resources to do so.
The above post is accurate - payments are income, and any income (above thresholds) taxable. Even speculating on bitcoin should (will) attract capital gains tax (i.e. tax on the gains in value on your investment) - just like the stock market. Being "anon" doesn't exempt you from laws or your legal responsibilities. Otherwise buying illegal items (weapons, drugs) with bitcoin would mean you've not broken a law - because it's "anon" payment. Of course you have...
The above post is accurate - payments are income, and any income (above thresholds) taxable. Even speculating on bitcoin should (will) attract capital gains tax (i.e. tax on the gains in value on your investment) - just like the stock market. Being "anon" doesn't exempt you from laws or your legal responsibilities. Otherwise buying illegal items (weapons, drugs) with bitcoin would mean you've not broken a law - because it's "anon" payment. Of course you have...
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