ProofOfWorkFitness

This is a great question. I have been researching how to accept BTC/SATS as payment (in lieu of/in addition to) fiat.

The regulation in the space (especially if I want a bank to custody the assets) (I have a board of directors and we do have Umbrel in development, but ultimately, we would want to custody with our bank) is.... confusing.

Where are the lawyers/accountants with expertise in this domain that my board can hire to provide input?

Let alone the 1099/600 threshold, dealing with exchange rates etc etc etc. Every report I've seen on forums from folks who try todo this above board/legit, say it's a nightmare and the IRS doesn't even have definitive answers.

Do you report your sats activity on SN for tax purposes?

WeAreAllSatoshi

This is a great question. I have been researching how to accept BTC/SATS as payment (in lieu of/in addition to) fiat. 

The regulation in the space (especially if I want a bank to custody the assets) (I have a board of directors and we do have Umbrel in development, but ultimately, we would want to custody with our bank) is.... confusing. 

Where are the lawyers/accountants with expertise in this domain that my board can hire to provide input? 

Let alone the 1099/600 threshold, dealing with exchange rates etc etc etc. Every report I've seen on forums from folks who try todo this above board/legit, say it's a nightmare and the IRS doesn't even have definitive answers. 