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The recipe on this page (scroll down a ways) would make a cake big enough for ALL of us to have a couple of pieces! https://randombitsoffascination.com/2023/01/06/closing-out-the-holidays-with-twelfth-night/ For those who don't click links (emphasis added): Take four pounds of flour dried and sifted, seven pounds of currants washed and rubbed, six pounds of the best fresh butter, two pounds of Jordan almonds blanched, and beaten with orange flower water and sack till fine; then take four pounds of eggs, put half the whites away, three pounds of double-refined sugar beaten and sifted, a quarter of an ounce of mace, the same of cloves and cinnamon, three large nutmegs, all beaten fine, a little ginger, half a pint of sack, half a pint of right French brandy, sweet-meats to your liking, they must be orange, lemon, and citron; work your butter to a cream with your hands before any of your ingredients are in; then put in your sugar, and mix all well together; let your eggs be well beat and strained through a sieve, work in your almonds first, then put in your eggs, beat them together till they look white and thick; then put in your sack, brandy and spices, shake your flour in be degrees, and when your oven is ready, put in your currants and sweet-meats as you put it in your hoop: it will take four hours baking in a quick oven: you must keep it beating with your hand all the while you are mixing of it, and when your currants are well washed and cleaned, let them be kept before the fire, so that they may go warm into your cake. This quantity will bake best in two hoops. (whatever those are!) ~Hannah Glasse (1784)

Mining Bitcoin may not always be reported on Sch C. If it is a small operation using a personal computer, the miner has the choice of business or hobby. If business, then Sch C. Larger operations can be considered a business and can deduct the associated expenses. An LLC can also be established that as we all know, can deduct the expenses against the income and may be a disregarded entity. Could be a partnership so there goes the Sch C. For your reporting in the original post, the transactions are reported on form 8949, especially if there is a 1099B issued. Of course, the associated expenses are not included in the 1099B or the cost amount on the 8949. A lot of good stuff here to learn. Pacun, I agree, the complexity gets worse with forks, splits, stakes; etc. Determining the cost basis and FMV is key. Cryotio is still very iffy in my opinion, so I choose to learn about it but personally stay away from it at this time.

Wow, four hours to bake! The baker would need some of those calories back after all that prep and mixing.

To maybe add some prevention, there is merit to using a PMB service for all important mail. For PMB services, many will have scanning ability, and all will have forwarding ability (sometimes only forwarding what you select via their images). For USPS, their informed delivery ability is pretty good for letters, postcards, and packages, to be able to see what is on the way. The flaw is things like a 9x12 don't create an image, just a notice that "something" is being delivered. Similar for important email messages. Use an email service which offers NO filtering before delivery (which is not going to be any of the free services!) You can then manually, over time, select addresses, subjects, whatever, to be put in spam on your local machine(s). That is the ONLY way to be sure to get all important messages.

Margaret, I'm going to jump in here. I was researching this very thing the other day. Below is a link to an article on Legal Zoom that should clear the mud. My companies are issuing 1099-NEC's to independent contractors who have provided a service. This doesn't involve the 1099-K. Yes, some entities may get the 1099K if they paid by credit card. Remember, the 600.00 rule is delayed for now. What is a 1099-NEC and when does my business need to issue one? | LegalZoom I talked to the IRS the other day when trying to get access to The TIN system. I asked the 6 million dollar question, what do you do when the person or entity refuses to provide a W-9 or at the very least, provide their EIN or SS#. Do you put refused in the box? How do you avoid the penalties for failure to file the damned form? The profound response, "Great Question". Gave me a number to the fire system to ask them so I still don't know. My only suggestion to my client's is if the individual or entity refuses to complete a W-9, don't do business with them.

I have a customer claiming they entered their checks accurately but the irs is telling them they did not. Never ends, but ensures employment… I expect it is a data entry or setup issue, but I can’t be sure until I see their data. It is never productive to believe verbal information fully or to let it taint my thoughts prior to seeing the data.

yup! me too...

From my heart to all of yours, have a wonderful New Year!!!

Happy New Year, everyone!

Live long and prosper.

Happy, Healthy New Year!

Goes to show, it's not what you say, it's how you say it.