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this is an extremely thorough deep dive into the topic. Did you write this or is it from some resource you could share? Wish I found it a few months ago, would have saved me weeks of digging!
The only things I would add are those very specific definitions in the U.S. tax code of who exactly is a U.S Person (a federal govt employee) and what is a "trade or business (a corporation under the direct control and jurisdiction of the federal govt i.e Fannie Mae/Freddie Mac).
People open their turbotax every year and sign under penalty of perjury saying "durr I'm a US Person conducting a trade or business" without realizing what they are certifying under very serious consequences.
I tried to summarize David William contents I've saved locally. For the U.S. Person, you probably already check #967182
I agree with you, even so called bitcoiers are so illiterate on how to run private business that always fall into the register-a-busiess trap, some try to escape registering NGO, but still... It isn't easy, and it needs one to unlearn all assumptions and behaviors that have been indoctrinated to us for long time.
There's an alternative. It's all about commerce, once one understand the rules of the game, it's in a better position to win. I've shared some pieces on private business in the ~AGORA #746325 #515857. However, there's much more to be said only on this topic
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