I believe you'd find that unlike both eBay and Paypal, who currently want sales credit through their organizations, CT does not. It's believed CT would be a tax liability party if any part of the equity transfer negotiations were implemented through CT communications, as un-deleted B/S/T, or other threads/posts! JMHO
I don't fully grasp your point. What is "un-deleted B/S/T"? The statute doesn't require CoinTalk receive any compensation for providing the service. Although the additional traffic created through the site might be enough to be construed as consideration. "regardless of whether the person receives compensation or other consideration in exchange for the person's services in collecting and transmitting the payment" All I am suggesting is by allowing access to CoinTalk's exclusive private messaging platform to buyers for submitting bids and sellers for notifying bidders of an auction's progress (current high bid, final price, payment terms and etc) - probably not - but might be enough for CoinTalk to meet the requirements of a marketplace facilitator as established in part (B) of my State's tax code.
Yes I understand and would never put CT in that situation. I was just curious. I don’t have a business but I do have a couple of things my friends want to sell after finding their grandfather’s little stash. Nothing fancy or historical but nice. Thanks!
More or less just asking advice. Of course I would go straight to CT about anything that I would feel it would put them in any situation.
I've had a similar incident of legal involvement with CT, where the sales communications between myself and another were deleted by a moderator. That action ended legal state tax government involvement in an action where Minnesota Government passed legislation to sales tax any Buy/Sell/Trade transaction. The legislative statements you quoted, as I have viewed in the past, holds any entity in the chain of exchange accountable if the initial parties are not delivering the taxes considered due by legislation. In Minnesota, upon passing the new sales tax legislation, they had warrants to enter and seize any "precious metals" which couldn't be shown to recently been taxed. I lost bags of coins which had been purchased/pre-paid, but not yet delivered. Just review the past Gold confiscation legislation, and the succeeding actions which cost many, and enriched others, even today, if you follow "Rick". Do you have any idea how many new IRS hires are being employed, with virtually no legal knowledge, but have a handbook which outlines Statutes for funds confiscation upon sales or exchanges of virtually anything? We who pay taxes are realizing much greater attention for contributing to those who don't! A few simple words in legislation can effect greatly! JMHO
Well I’ll just say, some others high up need to do what is right if they want “the people” to do right. That’s in everything in life. From paying your friend to fix a car or a plumber asking for cash. If anyone does that, the person paying is just as guilty as the one receiving and I can say I have paid cash before until I realized some “beating the system”. The ones trying to do good and something so simple of a question can turn into this topic. I’m not here to make a sale nor a profit. A few coins that I do know many would be interested in that is not in a slab but they are experienced enough to see the conditions of the coins. I have asked moderators questions and I think I will continue asking in that way in the future. Thanks for your input.
You've made me think about this, and one way you could do it and not be too much of a pain would be to post it in the B/S/T forum at the highest price you would like and accept "or best offer". It is problematic to find places to sell a few coins without trying to become an e-bay mogul. I have sold a few through a bid board at a coin shop nearby.
