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Does Circle and Coinbase

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  • QuangX
    SBR MVP
    • 02-03-11
    • 2756

    #1
    Does Circle and Coinbase
    Report to the IRS? Like these USA based company. Also do they report the people that uses their services to the IRS just like the stock market companies such as Charles swabbb and scott trade and stuff. I'm just curious.
  • Optional
    Administrator
    • 06-10-10
    • 63002

    #2
    Who knows in this age of homeland security. But here's what they say...

    19. Taxes

    Circle will maintain a record of your transaction history, which you will be able to access through your Circle Account for purposes of making any required tax filings or payments, but it is your responsibility to determine what, if any, taxes apply to the payments you make or receive, and to collect, report, and remit the correct tax to the appropriate tax authority. Circle will make any tax withholdings or filings that we are required by law to make, but Circle is not responsible for determining whether taxes apply to your transaction, or for collecting, reporting, or remitting any taxes arising from any transaction.
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    • Roscoe_Word
      SBR MVP
      • 02-28-12
      • 4005

      #3
      Originally posted by Optional
      Who knows in this age of homeland security. But here's what they say...
      Always sharing knowledgeable information in the BitCoin realm. Thanks my man!
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