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<p>[QUOTE=&quot;jmon, post: 1861128, member: 19422&quot;]The EIN bit is really of little consequence. It complicates filing somewhat, but, trivial in the grand scheme of things, assuming you actually have a operational business.</p><p>&nbsp;</p><p>As to buying coin&#039;s. Yes, you could. But, I think you misunderstand the concept of &#039;write-off&quot;. You do write off losses, but, expenses are generally just that, an expense or cost of goods sold. Giving the coin to yourself is not a write off. A write off is the loss where you paid too much and sold at a loss or where a customer paid you with a bad check and you never collected the funds from the sale. If you do purchase a coin the coin must remain as property of the business. And, if you sold it to yourself at a significant loss you are running the risk of criminal charges (at worst) and taxes/penalties (at best) when they audit you.</p><p>&nbsp;</p><p>If you want to go this route, I would highly suggest using the buying power to purchase coins you want and sell to yourself at cost or a small profit to the business on a small scale.[/QUOTE]</p><p><br /></p>

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