The IRS is now sending letters to try and scare and trick people into responding or reporting cryptos when they are not reportable. It’s a form letter, Form 6174 titled “Reporting Virtual Currency Transactions”. This is nothing but a sales letter. It begins with, “We have information that you have or had one or more […]
In the late nineties I began “re-organizing” assets and income for people and small businesses having both large debt and large windfall situations. Referring to myself as “I”, is just for convenience, and many of you know my organization as Singleton Press, PMA (a private membership association). These strategies were part of various solutions that […]
Many of us are anticipating substantial windfalls on this next crypto-rally near August and September, and we have a need to take short term profits, but not with $20,000. Many of us need a way to manage $10,000,000 or more. It’s easy enough to go into a stable coin, but the adage of never put […]
Listen to my latest conference call on this subject: December 20th 2018 Receiving a 1099-K and How to Avoid the Taxes https://fccdl.in/w4Uh0GXJTr Did you know that transactions between crypto-currencies are not re-portable by the exchanges in which they are held. The 1099-K is deliberately erroneous so that people will mistakenly include the information on their […]
BLOCKCHAIN TAX IMMUNITY TRUST Why do you believe that because the IRS changed its “1031 exchange” definition from “property” to “real property”, that it somehow imposes a new tax on crypto-graphic currency? There is no tax on crypto-graphic currency, assets, coins or tokens. However, the centralized exchanges have now been forced to help create the […]
This article is supplementary to my chapter in The 7 Year Mortgage and Debt Free College Degree published earlier this year. What does the student loan debt look like on a national scale? There is $1.3 Trillion, with 44 million borrowers, who have an average debt of $40K each and the default rate is over […]
Have you ever called customer service and heard the welcome greeting that says something like “…this call may be recorded for quality assurance”, or “…this call may be recorded for security purposes…”? This is not truthful, your call is being recorded for purposes other than “quality assurance” or “your security”. The recording serves only to […]
Suppose that the USD price of a Bitcoin (XBT) was $2,000, just suppose. As it turns out, today it is nearing $2,100 and is the reason I’m writing this article. In this case, 1/1000th of a Bitcoin would be, using international nomenclature, a “milli-Bitcoin”. The abbreviation of “milli” is “m”, so one-thousandth of a Bitcoin […]
What if the government passed a law requiring everyone to wear blue uniforms in the same style, and you had to buy the uniform from the government, or a single business designated by the government, and no one was permitted to sell any uniforms in competition with the government? What if the government could tell […]
Is it a felony to bring a video camera into the public restroom or locker room? Isn’t it interesting how we have laws regarding stalking and voyeurism, and regulations regarding harmful radiation, but those seem to be ignored with the mobile smart phones today? What is worse is that people have no clue, they are […]
Your car engine is defective if it’s getting less than 100 miles per gallon. There is vacuum and other technology, that is fairly old, which has been excluded from today’s engine manufacturing so that people will need to buy more fuel and pay for more maintenance on their car engines than necessary. The fuel injection […]
The reason why at least I’m an advocate of Bitcoin is because it’s a gateway to privacy without trying to bargain with our legislators. The terms “laundering” and “smuggling” are misnomers and only used to promote drama in the subject. These activities are illegal but what’s interesting is that the “system” from which we want […]
Here are two habits, using old school methods, that will end and prevent banks and the government from stealing your signature, its value, and committing forgery and counterfeiting. The section that follows will discuss new technology for utilizing your signature and protecting it from becoming a “blank check” for bankers, businesses and the government. This […]
One of the most important and recent innovations that millionaires will consider using for investment and entrepreneurial ventures is without question, Bitcoin. You’ve probably heard many explanations of what “Bitcoin” is, and I’m sure it’s all of those things and more; but I wanted to add some commentary from the perspective of entrepreneurs to the […]
Let’s begin with your home. Here is a list of changes you can make that will immediately reduce the load of your power consumption. You can do one or more and see dramatic results. Reduce the Load Install a Radiant Barrier System in the Attic Replace lighting with LED Lighting for all fixtures Add / […]
- 1
- 2